Regulatory Alerts2026-05-04
Added · Updated
Guideline (EU) 2026/1473 amending Guideline (EU) 2022/912 on TARGET
The European Central Bank amends the TARGET framework to introduce cross-currency settlement functionality for the OCTs Inst scheme and enable automatic liquidity transfers between main and dedicated cash accounts. The regulation clarifies eligibility criteria for participants subject to restrictive measures and grants national central banks the option to suspend rather than accelerate obligations upon participant default. Additionally, it revises fee structures for real-time gross settlement dedicated cash accounts and implements various editorial and technical updates to the operational guidelines.