Article 1U.K.Scope

1.TARGET2-ECB may only:

(a)process the ECB's own payments;

(b)process payments of customers of the ECB; and

[F1(c) supply settlement services to entities managing ancillary systems, including entities established outside the EEA, provided that they are subject to oversight by a competent authority, they comply with the oversight requirements for the location of infrastructures offering services in euro, as amended from time to time and published on the ECB's website (1) , and their access to TARGET2-ECB has been approved by the Governing Council.]

[F22. The ECB may only accept central banks, European and international organisations, and, pursuant to an ad-hoc decision of the Governing Council, central governments of the European Union Member States or public entities designated by such central governments to act on their behalf as customers.]

(1)

[F1The Eurosystem's current policy for the location of infrastructure is set out in the following statements, which are available on the ECB's website at www.ecb.europa.eu: (a) the policy statement on euro payment and settlement systems located outside the euro area of 3 November 1998 ; (b) the Eurosystem's policy line with regard to consolidation in central counterparty clearing of 27 September 2001 ; (c) the Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions of 19 July 2007 ; (d) the Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions: specification of legally and operationally located in the euro area of 20 November 2008 ; (e) the Eurosystem oversight policy framework, revised version of July 2016.]