{
  "url": "https://openlegislation.uk/eu-decision-2011-20/introduction",
  "json_url": "https://openlegislation.uk/eu-decision-2011-20/introduction.json",
  "legislation": "eudn/2011/20",
  "legislation_title": "Decision of the European Central Bank of 16 November 2011 establishing detailed rules and procedures for implementing the eligibility criteria for central securities depositories to access TARGET2-Securities services (ECB/2011/20) (2011/789/EU)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2011-20",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Decision of the European Central Bank\nof 16 November 2011\nestablishing detailed rules and procedures for implementing the eligibility criteria for central securities depositories to access TARGET2-Securities services\n(ECB/2011/20)\n(2011/789/EU)\nTHE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,\nHaving regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Articles 3.1 and 12.1 and Articles 17, 18 and 22 thereof,\nHaving regard to Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems, and in particular Article 10 thereof,\nHaving regard to Guideline ECB/2010/2 of 21 April 2010 on TARGET2-Securities, and in particular Article 4(2)(d) and Article 15 thereof,\nHaving regard to Decision ECB/2009/6 of 19 March 2009 on the establishment of the TARGET2-Securities Programme Board,\nWhereas:\n(1)\nArticle 15 of Guideline ECB/2010/2 lays down the eligibility criteria for a Central Security Depository (CSD) to access TARGET2-Securities (T2S) services.\n(2)\nIt is necessary to establish the application procedure for a CSD to access T2S services and the procedure for a CSD to request derogation from CSD access criterion 5,\nHAS ADOPTED THIS DECISION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Decision: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 3; S.I. 2023/779, reg. 2(d)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ L 166, 11.6.1998, p. 45."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ L 118, 12.5.2010, p. 65."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "OJ L 102, 22.4.2009, p. 12."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2011/20/introduction",
    "retrieved_at": "2026-11-01T15:15:54.344774+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."
}