{
  "url": "https://openlegislation.uk/eu-decision-2007-7/annex-II/article-23",
  "json_url": "https://openlegislation.uk/eu-decision-2007-7/annex-II/article-23.json",
  "legislation": "eudn/2007/7",
  "legislation_title": "Decision of the European Central Bank of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (ECB/2007/7) (2007/601/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2007-7",
  "path": "annex/II/article/23",
  "kind": "article",
  "number": "23",
  "heading": "Duration and ordinary termination of T2S DCAs",
  "text": "1. Without prejudice to Article 24, a T2S DCA in TARGET2-ECB is opened for an indefinite period of time.\n2. A T2S DCA holder may terminate its T2S DCA in TARGET2-ECB at any time giving 14 business days' notice thereof, unless it agrees a shorter notice period with the ECB.\n3. The ECB may terminate a T2S DCA holder's T2S DCA in TARGET2-ECB at any time giving three months' notice thereof, unless it agrees a different notice period with that T2S DCA holder .\n4. On termination of the T2S DCA , the confidentiality duties laid down in Article 27 remain in force for a period of five years starting on the date of termination.\n5. On termination of the T2S DCA , it shall be closed in accordance with Article 25.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Inserted by 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)."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Substituted by Decision (EU) 2018/1625 of the European Central Bank of 8 October 2018 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2018/24)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2007/7/annex/II/article/23",
    "retrieved_at": "2026-11-01T15:17:18.350563+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}