European Regulations DOUE Importance: 2/10

The ECB delegates to its executives the power to sign agreements with TARGET payment system clients

02 Jul 2026 Effective: 23 Jun 2026 19 views
Who is affected:
Entities participating in TARGET-ECB: central banks and large European credit institutions

Summary

The European Central Bank internally delegates the signing of contracts with TARGET-ECB payment system clients. Internal organizational measure with no direct impact on companies or citizens.

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The ECB approves an internal decision delegating to certain executive positions the competence to adopt decisions on contractual agreements with TARGET-ECB participants, the Eurosystem's real-time gross settlement system. This delegation seeks to streamline the operational and administrative management of the payment s…

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Full official title

OJ:L_202601538: Decisión (UE) 2026/1538 del Banco Central Europeo, de 23 de junio de 2026, por la que se delegan las facultades para adoptar decisiones respecto de los acuerdos con los clientes de TARGET-ECB (BCE/2026/13)

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Affected sectors

Technology

Categories

Tax & Revenue Labour & Employment Corporate & Business Data Protection Social Security European Regulations Grants & Subsidies Other Regulations Public Sector Education Energy Agriculture & Fisheries Real Estate

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