Article 31 Amendment procedureF1

The ECB may at any time unilaterally amend these Conditions, including their Appendices. Amendments to these Conditions, including their Appendices, shall be announced by means of communication in writing to the participants. Amendments shall be deemed to have been accepted unless the F2T2S DCA holder expressly objects within 14 days of being informed of such amendments. In the event that a T2S DCA holder objects to the amendment, the ECB is entitled immediately to terminate and close that T2S DCA holder's T2S DCA in TARGET2-ECB.