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Décision (UE) 2023/2532 de la Banque centrale européenne du 9 novembre 2023 modifiant la décision (UE) 2022/911 relative aux modalités de TARGET-BCE (BCE/2022/22) (BCE/2023/27)

CELEX
32023D2532
Document type
DEC
Sector
Legislation
Date of document
2023-11-09
In force since
2023-11-20
Status
In force

Text

Article-level text, parsed from the formex manifestation.

Article premier Modifications

«2 Conformément à l’article 9, paragraphe 2, de l’orientation (UE) 2022/912 (BCE/2022/8), à compter de la date à laquelle le système de gestion des garanties de l'Eurosystème (Eurosystem Collateral Management System — ECMS) commence à fonctionner, telle que communiquée sur le site internet de la BCE, la BCE n’ouvre pas d’autres comptes que des comptes TARGET pour les participants qui réunissent les critères requis pour participer à TARGET, aux fins de fournir des services entrant dans le champ d’application de l’orientation (UE) 2022/912 (BCE/2022/8), à l’exception des comptes qui sont utilisés pour détenir des fonds saisis, des fonds donnés en nantissement à un tiers créancier ou des fonds visés à l’article 3, paragraphe 1, point d), du règlement (UE) 2021/378 de la Banque centrale européenne (BCE/2021/1) .

Article 2 Entrée en vigueur

La présente décision entre en vigueur le 20 novembre 2023.

Article 23 Duration and ordinary termination of participation and closure of accounts

1 Without prejudice to Article 24, participation in TARGET-ECB shall be for an indefinite period of time.

2 A participant may terminate any of the following at any time giving 14 business days’ notice thereof, unless it agrees a shorter notice period with the ECB: (a) its entire participation in TARGET-ECB; (b) one or more of its DCAs, RTGS AS technical accounts and/or TIPS AS technical accounts; (c) one or more of its MCAs, except where the participant is an institution falling within the scope of Article 1 of Regulation (EU) 2021/378 (ECB/2021/1), in which case the participant shall continue to hold at least one MCA for the purpose of complying with the applicable minimum reserve requirements, provided that the participant continues to comply with Articles 4 and 5.

3 The ECB may terminate any of the following at any time giving three months’ notice thereof, unless it agrees a different notice period with the relevant participant: (a) a participant’s entire participation in TARGET-ECB; (b) one or more of a participant’s DCAs, RTGS AS technical accounts or TIPS AS technical accounts; (c) one or more of a participant’s MCAs, provided that the participant continues to hold at least one MCA.

4 On termination of participation, the confidentiality duties laid down in Article 27 shall remain in force for a period of five years starting on the date of termination.

5 On termination of participation, the ECB shall close all TARGET accounts of the participant concerned in accordance with Article 25.»

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