Decision (EU) 2015/929 of the European Central Bank
of 26 May 2015
amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2015/22)

THE EXECUTIVE BOARD OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union, and in particular the first and fourth indents of Article 127(2) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 3.1 and Articles 17, 18 and 22 thereof,
Whereas:
(1) On 2 April 2015, the Governing Council of the European Central Bank (ECB) adopted Guideline (EU) 2015/930 of the European Central Bank (ECB/2015/15) amending Guideline ECB/2012/27 (the TARGET2 Guideline).
Guideline (EU) 2015/930 of the European Central Bank of 2 April 2015 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2015/15) (see page 38 of this Official Journal).
Guideline ECB/2012/27 of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (OJ L 30, 30.1.2013, p. 1).
(2) One of the objectives of Guideline ECB/2015/15 was to ensure that all real-time settlement accounts holding central bank money, including Dedicated Cash Accounts (DCAs) used for the real-time settlement of cash transactions in connection with the TARGET2 Securities (T2S) technical platform, are brought within the scope of TARGET2. As a result, a new Annex (Annex IIa) was inserted into the TARGET2 Guideline, setting out the harmonised conditions for the opening and operation of DCAs. Annex II to the TARGET2 Guideline was also amended to cater for the inclusion of DCAs within the scope of TARGET2, and to distinguish TARGET2 payment module (PM) accounts from DCAs.
(3) Decision ECB/2007/7, which is concerned with the terms and conditions of TARGET2-ECB, should be amended accordingly, to reflect the harmonised conditions for the opening and operation of DCAs,
Decision ECB/2007/7 of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (2007/601/EC) (OJ L 237, 8.9.2007, p. 71).
HAS ADOPTED THIS DECISION: