Article 25 Duration and ordinary termination of TIPS DCAsF1
United Kingdom
1.
Without prejudice to Article 26, a TIPS DCA in TARGET2-ECB is opened for an indefinite period of time.
2.
A TIPS DCA holder may terminate its TIPS DCA in TARGET2-ECB at any time giving 14 business days' notice thereof, unless it agrees a shorter notice period with the ECB.
3.
The ECB may terminate a TIPS DCA holder's TIPS DCA in TARGET2-ECB at any time giving three months' notice thereof, unless it agrees a different notice period with that TIPS DCA holder.
4.
On termination of the TIPS DCA, the confidentiality duties laid down in Article 29 remain in force for a period of five years starting on the date of termination.
5.
On termination of the TIPS DCA, it shall be closed in accordance with Article 27.