2026-06-23
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The European Central Bank issued Decision (EU) 2026/1520 to delegate the authority to sign, amend, and terminate agreements with TARGET-ECB customers to specific senior staff members. This measure aims to improve the governance efficiency of the TARGET-ECB component system by allowing the Director-General or designated deputies to execute these contractual actions jointly on behalf of the ECB. The decision enters into force on 31 July 2026 and aligns with the terms and conditions established in Decision (EU) 2022/911.
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Document 32026D1520
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Decision (EU) 2026/1520 of the European Central Bank of 23 June 2026 granting authorisation to sign agreements with customers of TARGET-ECB (ECB/2026/14)
Decision (EU) 2026/1520 of the European Central Bank of 23 June 2026 granting authorisation to sign agreements with customers of TARGET-ECB (ECB/2026/14)
Decision (EU) 2026/1520 of the European Central Bank of 23 June 2026 granting authorisation to sign agreements with customers of TARGET-ECB (ECB/2026/14)
ECB/2026/14
OJ L, 2026/1520, 2.7.2026, ELI: http://data.europa.eu/eli/dec/2026/1520/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
ELI: http://data.europa.eu/eli/dec/2026/1520/oj
Language 1
Language 2
Language 3
Official Journal of the European Union
EN
L series
2026/1520
2.7.2026
DECISION (EU) 2026/1520 OF THE EUROPEAN CENTRAL BANK
of 23 June 2026
granting authorisation to sign agreements with customers of TARGET-ECB (ECB/2026/14)
THE PRESIDENT OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 38 thereof,
Whereas:
(1)
The ECB is responsible for accepting customers in its TARGET-ECB component system (TARGET-ECB) and for concluding agreements with those customers.
(2)
These agreements are regularly updated, in particular when the terms and conditions of TARGET-ECB set out in Decision (EU) 2022/911 of the European Central Bank (ECB/2022/22) ( 1 ) are updated.
(3)
To improve the efficiency of the governance of TARGET-ECB, it is appropriate to authorise ECB staff members to sign new agreements or amendments to existing agreements with customers of TARGET-ECB, as well as termination of such agreements,
HAS ADOPTED THIS DECISION:
Article 1
Authorisation
The Director-General or, in their absence, the Deputy Director-General Market Infrastructure and Payments and the Head or, in their absence, the Deputy Head of the Market Infrastructure Management Division of the Directorate-General Market Infrastructure and Payments, shall jointly sign on behalf of the ECB new agreements or amendments to existing agreements which have been entered into with customers of the ECB on the provision of fund transfer services in the TARGET-ECB component system (TARGET-ECB).
The persons referred to in paragraph 1 shall also jointly sign termination of agreements on the provision of fund transfer services in TARGET-ECB that the ECB has entered into with TARGET-ECB customers, pursuant to Article 24(1) of Annex I to Decision (EU) 2022/911 (ECB/2022/22).
Article 2
Entry into force
This Decision shall enter into force on 31 July 2026.
Done at Frankfurt am Main, 23 June 2026.
The President of the ECB
Christine LAGARDE
( 1 ) Decision (EU) 2022/911 of the European Central Bank of 19 April 2022 concerning the terms and conditions of TARGET-ECB and repealing Decision ECB/2007/7 (ECB/2022/22) ( OJ L 163, 17.6.2022, p. 1 , ELI: http://data.europa.eu/eli/dec/2022/911/oj ).
ELI: http://data.europa.eu/eli/dec/2026/1520/oj
ISSN 1977-0677 (electronic edition)
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