# Decision of the European Central Bank of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (ECB/2007/7) (2007/601/EC), Article 1: Scope

Extent: E+W+S+N.I.

1. TARGET2-ECB may only:
(a)) process the ECB's own payments;
(b)) process payments of customers of the ECB; and
(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 website , and their access to TARGET2-ECB has been approved by the Governing Council.
2. The ECB may only accept central banks, European and international organisations, and, pursuant to an ad-hoc decision of the Governing Council, central governments of the European Union Member States or public entities designated by such central governments to act on their behalf as customers.

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Source: https://www.legislation.gov.uk/eudn/2007/7/article/1 (the official version)
Page: https://openlegislation.uk/eu-decision-2007-7/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.