Decision ECB/2007/7 is amended as follows:

1. 1.

   in Article 1, paragraph 1, point (c) is replaced by the following:

   ‘(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 website4, and their access to TARGET2-ECB has been approved by the Governing Council.’;

2. 2.

   in Article 2, paragraph 2 is replaced by the following:

   ‘2.

   Any granting of intraday credit by the ECB shall be done in accordance with the rules on the provision of intraday credit laid down in Annex III to Guideline ECB/2012/275.’;

3. 3.

   Article 3 is replaced by the following:

   ‘Article 3Terms and conditions of TARGET2-ECB

   The terms and conditions for the opening and operation of a PM account in TARGET2-ECB shall be those contained in Annex I to this Decision. The terms and conditions for the opening and operation of a T2S Dedicated Cash Account in TARGET2-ECB shall be those contained in Annex II to this Decision. The terms and conditions for the opening and operation of a TIPS Dedicated Cash Account in TARGET2-ECB shall be those contained in Annex III to this Decision.’;

4. 4.

   Annexes I and II to Decision ECB/2007/7 are amended in accordance with Annex I to this Decision;

5. 5.

   the text set out in Annex II to this Decision is added as a new Annex III to Decision ECB/2007/7.