Regulatory Alerts2026-07-07
Added · Updated
Decision (EU) 2026/1754 amending Decision (EU) 2022/911 concerning TARGET-ECB terms and conditions
This Decision amends the terms and conditions of TARGET-ECB to incorporate cross-currency settlement functionality in the TARGET instant payment settlement service and to align fee structures with recent guideline changes. It introduces rule-based liquidity transfer orders allowing participants to automatically manage balances between main cash accounts and dedicated cash accounts when predefined floor or ceiling limits are breached. The amendments also update participant obligations regarding adherence to the SEPA One-Leg Out Instant Credit Transfer scheme and revise pricing options for RTGS dedicated cash account holders, including specific monthly and transaction fees effective from July 2026. These changes apply to TARGET-ECB participants and TIPS account holders, with specific provisions entering into force on 14 November 2026.