{
  "url": "https://openlegislation.uk/eu-decision-2015-22/article-1",
  "json_url": "https://openlegislation.uk/eu-decision-2015-22/article-1.json",
  "legislation": "eudn/2015/22",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2015-22",
  "path": "article/1",
  "kind": "article",
  "number": "1",
  "heading": "Amendments",
  "text": "Decision ECB/2007/7 is amended as follows:\n1.. the footnote in Article 1(1)(c) is replaced by the following:\n‘(1)\nThe Eurosystem's current policy for the location of infrastructure is set out in the following statements, which are all available on the ECB's website at www.ecb.europa.eu: (a) the Policy statement on euro payment and settlement systems located outside the euro area of 3 November 1998; (b) The Eurosystem's policy line with regard to consolidation in central counterparty clearing of 27 September 2001; (c) The Eurosystem policy principles on the location and operation of infrastructures settling in euro-denominated payment transactions of19 July 2007; (d) The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions: specification of “legally and operationally located in the euro area” of 20 November 2008; (e) The Eurosystem oversight policy framework of July 2011, subject to the judgment of 4 March 2015, United Kingdom v European Central Bank, T-496/11, ECLI:EU:T:2015:496.’;\n2.. Article 3 is replaced by the following:\n‘Terms and conditions of TARGET2-ECB\nArticle 3 The terms and conditions for the opening and operation of a PM account in TARGET2-ECB shall be those contained in Annex I to this Decision. The terms and conditions for the opening and operation of a dedicated cash account in TARGET2-ECB shall be those contained in Annex II to this Decision.’;\n3.. the Annex to Decision ECB/2007/7 is amended in accordance with the Annex to this Decision.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2015/22/article/1",
    "retrieved_at": "2026-11-01T15:14:30.851800+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."
}