Regulatory Alerts2026-06-15
Decision No. 2026-06 of 15 June 2026 amending Decision No. 2022-05 of 6 July 2022 on the harmonised conditions for participation in the new generation Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET)
The Governor of the Bank of France issued Decision No. 2026-06 to amend the harmonised conditions for participation in the TARGET system, updating eligibility criteria, liquidity transfer rules, and eligible collateral definitions. The decision introduces new provisions for rule-based liquidity transfer orders triggered by balance thresholds and modifies the tariff structure for RTGS accounts, implementing a new volume-based fee schedule effective 1 July 2026. These changes align national regulations with recent European Central Bank orientations and ensure the operational continuity of real-time gross settlement services.
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