Regulatory Alerts2025-10-02
Resolution of 23 September 2025 by the Executive Committee of the Bank of Spain modifying the Resolution of 4 July 2022 approving the uniform conditions for participation in TARGET-Banco de España
The Executive Committee of the Bank of Spain issues this resolution to amend the uniform conditions for participation in TARGET-Banco de España, aligning them with ECB Guideline (EU) 2025/1889. The amendments introduce access conditions for non-bank payment service providers, establish a specific one-day credit facility for central counterparties, and implement the 'one leg out' functionality on the TIPS platform. Additionally, the resolution sets maximum balance limits and compliance penalties for non-bank providers while updating technical and contingency procedures.
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