Beschluss (EU) 2022/911 der Europäischen Zentralbank vom 19. April 2022 zu den TARGET-EZB-Bedingungen und zur Aufhebung des Beschlusses EZB/2007/7 (EZB/2022/22)

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17.6.2022 DE Amtsblatt der Europäischen Union L 163/1 BESCHLUSS(EU) 2022/911 DER EUROPÄISCHEN ZENTRALBANK vom 19. April 2022 zu den TARGET-EZB-Bedingungen und zur Aufhebung des Beschlusses 2007/601/EG (EZB/2007/7) (EZB/2022/22) DAS DIREKTORIUM DER EUROPÄISCHEN ZENTRALBANK — gestützt auf den Vertrag über die Arbeitsweise der Europäischen Union, insbesondere auf Artikel 127 Absatz 2 erster und vierter Gedankenstrich, gestützt auf die Satzung des Europäischen Systems der Zentralbanken und der Europäischen Zentralbank, insbesondere auf die Artikel 3.1, 17, 22 und 23, in Erwägung nachstehender Gründe: (1) Das transeuropäische automatisierte Echtzeit-Brutto-Express-Transfersystem (TARGET2) ist in der Leitlinie 2013/47/EU der Europäischen Zentralbank (EZB/2012/27) (1) geregelt. (2) Am 6. Dezember 2017 genehmigte der EZB-Rat das TARGET2/T2S-Konsolidierungsprojekt, durch das TARGET2 und TARGET2-Securities (T2S) konsolidiert und optimiert werden sollen, um von dem neuesten Stand der Technik entsprechenden Ansätzen und technologischen Innovationen zu profitieren, eine Senkung ihrer kombinierten Betriebskosten zu ermöglichen und das Liquiditätsmanagement in den verschiedenen Diensten zu verbessern. Das Ergebnis des TARGET2/T2S-Konsolidierungsprojekts ist das transeuropäische automatisierte Echtzeit-Brutto-Express-Zahlungsverkehrssystem der neuen Generation, durch das Transaktionen in Euro in Zentralbankgeld abgewickelt werden (TARGET). (3) Ab dem 21. November 2022 wird TARGET2 durch TARGET ersetzt. (4) Wie TARGET2 besteht auch TARGET in rechtlicher Hinsicht aus einer Vielzahl von Zahlungsverkehrssystemen, wobei alle TARGET-Komponenten-Systeme weitestgehend harmonisiert werden. (5) TARGET bietet zentrale Liquiditätsmanagementdienste an, einschließlich der Abwicklung von Zentralbankgeschäften über MCA-Konten (main cash accounts — MCAs), der Großbetrags-Echtzeit-Brutto-Abwicklung (real-time gross settlement — RTGS) von Zahlungen über RTGS-DCA-Konten (RTGS dedicated cash accounts — DCAs), der geldlichen Verrechnung im Zusammenhang mit der Wertpapierabwicklung über T2S-DCA-Konten (T2S dedicated cash accounts — T2S DCAs), der Abwicklung von Instant Payments über TIPS-DCA-Konten (TARGET Instant Payment Settlement (TIPS) dedicated cash accounts), sowie Dienste für die Nebensystem-Abwicklung über Unterkonten, technische RTGS-Nebensystem-Konten, Nebensystem-Garantie-Konten und technische TIPS-Nebensystemkonten. (6) Die TARGET2-Komponenten-Systeme, deren Eigentümerinnen und Betreiberinnen die jeweiligen Zentralbanken des Eurosystems sind, wurden in ihrer Gesamtheit als ein systemrelevantes Zahlungsverkehrssystem (SIPS) eingestuft (2), das der Verordnung der Europäischen Zentralbank (EU) Nr. 795/2014 (EZB/2014/28) (3) unterliegt. Die jeweiligen TARGET-Komponenten-Systeme fallen als Zahlungsverkehrssysteme, die diese TARGET2-Komponenten-Systeme ersetzen, ebenfalls in den Anwendungsbereich der Verordnung (EU) Nr. 795/2014 (EZB/2014/28) und sind erforderlich, um die in der genannten Verordnung festgelegten Anforderungen an die Überwachung zu erfüllen. (7) TARGET-Komponenten-Systeme sind die Rechtsnachfolger der entsprechenden TARGET2-Komponenten-Systeme. (8) Am 24. Februar 2022 verabschiedete der EZB-Rat die Leitlinie (EU) 2022/912 der Europäischen Zentralbank (EZB/2022/8) (4), mit der die Leitlinie 2013/47/EU (EZB/2012/27) aufgehoben wird. (9) Die Aufhebung der Leitlinie 2013/47/EU (EZB/2012/27) erfordert Änderungen der TARGET2-EZB-Bedingungen. Aus Gründen der Rechtssicherheit ist es angemessen, einen neuen Beschluss zur Umsetzung dieser Änderungen zu erlassen. Der Beschluss 2007/601/EG der Europäischen Zentralbank (EZB/2007/7) (5) sollte daher aufgehoben werden. (10) Dieser Beschluss sollte umgehend in Kraft treten, um eine wirksame Umsetzung der Leitlinie (EU) 2022/912 (EZB/2022/8) zu gewährleisten — HAT FOLGENDEN BESCHLUSS ERLASSEN: Artikel 1 Geltungsbereich (1) Das TARGET-Komponenten-System der EZB (TARGET-EZB) ist auf folgende Vorgänge beschränkt: a) Verarbeitung der eigenen Zahlungen der EZB; b) Verarbeitung von Zahlungen von Kunden der EZB; c) Erbringung von Abwicklungsdiensten gegenüber Stellen, die Nebensysteme betreiben, einschließlich Stellen mit Sitz außerhalb des Europäischen Wirtschaftsraums, sofern diese(n) Stellen i) der Überwachung einer zuständigen Behörde unterliegen; ii) die auf der Website der EZB veröffentlichten Überwachungsanforderungen an den Standort der Infrastrukturen erfüllen, die Dienstleistungen in Euro anbieten; iii) vom EZB-Rat Zugang zu TARGET-EZB gewährt wurde. (2) Die EZB kann nur folgende Kunden akzeptieren und kann in deren Auftrag handeln: a) Zentralbanken; b) Europäische Organisationen; c) Internationale Organisationen; d) Zentralregierungen von Mitgliedstaaten oder von diesen Zentralregierungen benannte öffentliche Stellen, gemäß einem Ad-hoc-Beschluss des EZB-Rates. Artikel 2 Begriffsbestimmungen Für die Zwecke dieses Beschlusses gelten die in Anhang III dargelegten Begriffsbestimmungen. Artikel 3 Bedingungen für die Teilnahme an TARGET-EZB (1) Die Teilnahme an TARGET-EZB unterliegt ausschließlich den Bedingungen für die Teilnahme an TARGET-EZB nach Anhang I. (2) Gemäß Artikel 9 Absatz 2 der Leitlinie (EU) 2022/912 (EZB/2022/8) eröffnet die EZB ab dem 20. November 2023 keine anderen Konten als TARGET-Konten für zur Teilnahme zugelassene Teilnehmer zur Erbringung von Diensten, die in den Anwendungsbereich der Leitlinie (EU) 2022/912 (EZB/2022/8) fallen, mit Ausnahme von Konten, die für die Haltung von beschlagnahmten Guthaben oder gegenüber einem Drittgläubiger verpfändeten Guthaben oder Guthaben im Sinne von Artikel 3 Absatz 1 Buchstabe d der Verordnung (EU) 2021/378 der Europäischen Zentralbank (EZB/2021/1) (6) genutzt werden. (3) Die Teilnahme an TARGET-EZB unterliegt gegebenenfalls Artikel 11 der Leitlinie (EU) 2022/912 (EZB/2022/8). Artikel 4 Aufhebung des Beschlusses EZB/2007/7 Der Beschluss 2007/601/EG (EZB/2007/7) wird mit Wirkung vom 21. November 2022 aufgehoben. Artikel 5 Inkrafttreten Dieser Beschluss tritt am fünften Tag nach seiner Veröffentlichung im Amtsblatt der Europäischen Union in Kraft. Er gilt ab dem 21. November 2022. Geschehen zu Frankfurt am Main am 19. April 2022. Die Präsidentin der EZB Christine LAGARDE (1) Leitlinie 2013/47/EU der Europäischen Zentralbank vom 5. Dezember 2012 über ein transeuropäisches automatisiertes Echtzeit-Brutto-Express-Zahlungsverkehrssystem (TARGET2) (EZB/2012/27) (ABl. L 30 vom 30.1.2013, S. 1). (2) Beschluss 2014/533/EU der Europäischen Zentralbank vom 13. August 2014 zur Bestimmung von TARGET2 als ein systemrelevantes Zahlungsverkehrssystem gemäß der Verordnung (EU) Nr. 795/2014 zu den Anforderungen an die Überwachung systemrelevanter Zahlungsverkehrssysteme (EZB/2014/35) (ABl. L 245 vom 20.8.2014, S. 5). (3) Verordnung (EU) Nr. 795/2014 der Europäischen Zentralbank vom 3. Juli 2014 zu den Anforderungen an die Überwachung systemrelevanter Zahlungsverkehrssysteme (EZB/2014/28) (ABl. L 217 vom 23.7.2014, S. 16). (4) Leitlinie (EU) 2022/912 der Europäischen Zentralbank vom 24. Februar 2022 über ein transeuropäisches automatisiertes Echtzeit-Brutto-Express-Zahlungsverkehrssystem (TARGET) der neuen Generation (EZB/2022/8) (siehe Seite 84 dieses Amtsblatts). (5) Beschluss 2007/601/EG der Europäischen Zentralbank vom 24. Juli 2007 über die Bedingungen von TARGET2-EZB (EZB/2007/7) (ABl. L 237 vom 8.9.2007, S. 71). (6) Verordnung (EU) 2021/378 der Europäischen Zentralbank vom 22. Januar 2021 über die Auferlegung einer Mindestreservepflicht (EZB/2021/1) (ABl. L 73 vom 3.3.2021, S. 1). ANNEX I CONDITIONS FOR PARTICIPATION IN TARGET-ECB PART I General terms and Conditions Article 1 Scope The terms and conditions set out in this Part I govern the relationship between the ECB and its participants in TARGET-ECB. The terms and conditions set out in the following Parts II, III, IV, V, VI and VII apply as far as participants opt for and are granted one or more accounts described in such Parts. The terms and conditions set out in Parts I to VII of this Annex are referred to in this Decision collectively as the ‘Conditions‘. Article 2 Appendices 1. The following Appendices form an integral part of these Conditions: Appendix I: Technical specifications for the processing of cash transfer orders Appendix II: TARGET compensation scheme Appendix III: Terms of reference for capacity and country opinions Appendix IV: Business continuity and contingency procedures Appendix V: TARGET operating schedule Appendix VI: Fee schedule Appendix VII: Requirements regarding information security management and business continuity management 2. In the event of any conflict or inconsistency between the content of any appendix and the content of any other provision in these Conditions, the latter shall prevail. Article 3 General description of TARGET 1. TARGET is legally structured as a multiplicity of payment systems composed of all TARGET component systems, each of which is designated as a ‘system‘ under the relevant national law implementing Directive 98/26/EC of the European Parliament and of the Council (1). TARGET-ECB is designated as a ‘system‘ under § 1(16) of the Kreditwesengesetz (KWG). 2. TARGET comprises payment systems in euro that settle in central bank money and provide central liquidity management services, real-time gross settlement for payments and services for AS settlement, and enable cash payments in relation to securities settlement and the settlement of instant payments. 3. TARGET provides: a) MCAs for the settlement of central bank operations; b) RTGS DCAs for large value real-time gross settlement of payments and subaccounts if required for AS settlement; c) T2S DCAs for cash payments in relation to securities settlement; d) TIPS DCAs for the settlement of instant payments; and e) the following accounts for AS settlement: (i) RTGS AS technical accounts; (ii) AS guarantee fund accounts; and (iii) TIPS AS technical accounts. Each account in TARGET-ECB shall be identified by means of a unique account number made up of the elements described in Appendix I, paragraph 2. Article 4 Access criteria Entities managing ancillary systems (including entities established outside the European Economic Area (EEA)) and acting in that capacity, whose access to TARGET-ECB has been approved by the Governing Council, shall be the only entities that are eligible for participation in TARGET-ECB. Article 5 Application procedure 1. In order to become a participant in TARGET-ECB, an eligible entity as described in Article 4 shall fulfil the following requirements: a) install, manage, operate, monitor and ensure the security of the necessary IT infrastructure to connect to TARGET-ECB and be able to submit cash transfer orders to it. In doing so, applicant participants may involve third parties but retain sole liability; b) have passed the tests required by the ECB; c) if it is an applicant for an a RTGS DCA, a T2S DCA or a TIPS DCA it shall also hold or open an MCA with the ECB; d) provide a capacity opinion in the form specified in Appendix III, unless the information and representations to be provided in such capacity opinion have already been obtained by the ECB in another context; e) for the entities referred to in Article 4, established outside the EEA, provide a country opinion in the form specified in Appendix III, unless the information and representations to be provided in such country opinion have already been obtained by the ECB in another context; f) if it is an applicant for a TIPS DCA, has adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement; g) if it is an applicant for a TIPS AS technical account, has provided evidence that the disclosure letter showing their intent to be an SCT Inst compliant Clearing and Settlement Mechanism (CSM) has been provided to the European Payments Council (EPC). 2. Applicants shall apply to the ECB, as a minimum enclosing the following documents/information: a) completed reference data collection forms as provided by the ECB; b) the capacity opinion, if required by the ECB, and the country opinion, if required by the ECB; c) if it is an applicant for a TIPS DCA, evidence of their adherence to the SCT Inst scheme; d) if the applicant is applying to use the TIPS AS settlement procedure, evidence that they have provided the EPC with the disclosure letter showing their intent to be an SCT Inst compliant CSM; e) if the applicant designates a paying agent, the evidence that the paying agent has agreed to act in that role. 3. Applicants which are already TARGET participants and apply for a new account as described in: (i) Part III (RTGS-DCA); (ii) Part IV (T2S DCA); (iii) Part V (TIPS DCA); (iv) Part VI (RTGS AS technical account); and/or (v) Part VII (TIPS AS technical account), shall comply with the provisions of paragraphs 1 and 2 to the extent relevant for the new account applied for. 4. The ECB may also request any additional information it deems necessary to decide on an application to open a TARGET account. 5. The ECB shall reject the application to participate if: a) the applicant is not an eligible entity as described in Article 4; b) one or more of the participation requirements referred to in paragraph 1 are not met; and/or c) according to the ECB’s assessment, such participation would endanger the overall stability, soundness and safety of TARGET-ECB or of any other TARGET component system, or would jeopardise the ECB’s performance of its tasks as described in the Statute of the European System of Central Banks and of the European Central Bank, or poses risks on the grounds of prudence. 6. The ECB shall communicate its decision on the application to become a participant in TARGET-ECBto the applicant participant within one month of the ECB’s receipt of the application. Where the ECB requests additional information pursuant to paragraph 4, the decision shall be communicated within one month of the ECB’s receipt of this information from the applicant. Any rejection decision shall contain reasons for the rejection. Article 6 Participants AS which use the RTGS AS settlement procedures or the TIPS AS settlement procedure shall be subject to the terms and conditions set out in this Part as well as in Part VI or Part VII, respectively. They may hold one or more MCAs, T2S DCAs and, exceptionally and if approved by the ECB, one or more RTGS DCAs except in relation to the clearing of instant payments pursuant to the SCT Inst scheme. If an AS holds an RTGS DCA or a T2S DCA it shall also hold at least one MCA with the ECB. In the event that an AS holds one or more MCAs or RTGS DCAs or T2S DCAs, the respective Parts of these Conditions shall also apply. Article 7 Access to a participant’s account by entities other than the participant 1. To the extent technically possible, a participant may give access to its TARGET accounts to one or more entities it designates, for the purposes of submitting cash transfer orders and performing other actions. 2. Cash transfer orders submitted or funds received by the entities designated by a participant as referred to in paragraph 1 shall be deemed to have been submitted or received by that participant itself. 3. The participant shall be bound by such cash transfer orders and any other action taken by the entity or entities referred to in paragraph 1, regardless of the content of, or any non-compliance with, the contractual or other arrangements between that participant and such entity. Article 8 Billing 1. The ECB shall identify billable items according to Appendix VI and shall allocate each of them to the participant from which that billable item originates. 2. Any fee payable in relation to a cash transfer order submitted by or cash transfer received by an AS, irrespective of whether it uses the RTGS AS settlement procedures or an RTGS DCA, shall be exclusively charged to that AS. 3. Billable items generated by actions taken by the designated entities referred in Article 7, as well as by central banks acting on behalf of a participant, shall be allocated to the participant. 4. The ECB shall issue separate invoices to the participant for the relevant services described in: (i) Part III (RTGS-DCA); (ii) Part IV (T2S DCA); (iii) Part V (TIPS DCA); (iv) Part VI (RTGS AS settlement procedures); and (v) Part VII (TIPS AS settlement procedure). 5. The ECB shall settle each invoice by means of a direct debit of an MCA held by the participant, unless the participant has designated another participant in TARGET (which may be in TARGET-ECB or another component system) as a paying agent and instructed the ECB to debit the MCA of that paying agent. Such an instruction shall not release the participant from its obligation to pay each invoice. 6. Where a paying agent has been designated, the participant will provide the ECB with evidence that the paying agent has agreed to act in that role. 7. For the purposes of this Article, each AS shall be treated separately, even if two or more of them are operated by the same legal entity, and irrespective of whether or not the AS has been designated under Directive 98/26/EC. In the case of an AS that has not been designated under Directive 98/26/EC, it shall be identified as an AS by reference to the following criteria: (a) it is a formal arrangement, based on a contractual or legislative instrument, e.g. an agreement among the participants and the system operator; (b) it has multiple membership; (c) it has common rules and standardised arrangements; and (d) is for the purpose of clearing, netting and/or settlement of payments and/or securities between the participants. Article 9 Billing Groups 1. Upon the request of the participant the ECB shall create a billing group to allow its members to benefit from the degressive pricing applicable to RTGS DCAs. The billing group may only include RTGS DCA holders belonging to the same banking group, from one or more TARGET component systems. 2. Upon the request of an RTGS DCA holder the ECB shall add that RTGS DCA holder to or delete it from a billing group which may be in TARGET-ECB or in any other TARGET component system. The RTGS DCA holder shall inform all other members of the billing group of such a request prior to making it. 3. RTGS DCA holders included in a billing group shall be invoiced individually as set out in Article 8. Article 10 Obligations of the ECB and the participant 1. The ECB shall offer the services described in Parts II, III, IV, V, VI and VII of these Conditions where a participant has opted for and been granted an account as referred to therein. Save where otherwise provided in these Conditions or required by law, the ECB shall use all reasonable means within its power to perform its obligations under these Conditions, without guaranteeing a result. 2. The ECB is the provider of services pursuant to these Conditions. Acts and omissions of the Level 3 NCBs shall be considered as acts and omissions of the ECB, for which it shall assume liability in accordance with Article 21. Participation pursuant to these Conditions shall not create a contractual relationship between participants and the Level 3 NCBs when any of the latter acts in its capacity as a Level 3 NCB. Instructions, messages or information which a participant receives from, or sends to, TARGET in relation to the services provided under these Conditions shall be deemed to be received from, or sent to, ECB. 3. The participant shall pay to the ECB fees in accordance with Article 8. 4. The participant shall ensure that it is technically connected to TARGET-ECB in accordance with TARGET operating schedule set out in Appendix V. This obligation may be fulfilled through a designated entity referred to in Article 7. 5. The participant shall represent and warrant to the ECB that the performance of its obligations under these Conditions does not breach any law, regulation or by-law applicable to it or any agreement by which it is bound. 6. The participant shall pay any applicable stamp duties or other documentary taxes or duties, if applicable, as well as any other costs the participant incurs in opening, maintaining or closing its TARGET account. Article 11 Cooperation and information exchange 1. In performing their obligations and exercising their rights under these Conditions, the ECB and participants shall cooperate closely to ensure the stability, soundness and safety of TARGET-ECB. They shall provide each other with any information or documents relevant for the performance of their respective obligations and the exercise of their respective rights under these Conditions, without prejudice to any banking secrecy obligations. 2. The ECB shall establish and maintain a system support desk to assist participants in relation to difficulties arising in connection with system operations. 3. Up-to-date information on the operational status of each service shall be available on a TARGET Information System (TIS) on a dedicated webpage on the ECB’s website. 4. The ECB may communicate system relevant messages to participants by means of a broadcast message or, if this means is not available, by any other appropriate means of communication. 5. Participants shall update in a timely manner existing reference data collection forms and submit new reference data collection forms to the ECB. Participants shall verify the accuracy of information relating to them that is entered into TARGET-ECB by the ECB. 6. The participant hereby authorises the ECB to communicate to the Level 3 NCBs any information relating to participants which the Level 3 NCBs may need, in accordance with the agreements between the Level 3 NCBs and the Eurosystem CBs governing the provision of the services to be provided by the Level 3 NCBs. 7. Participants shall inform the ECB without undue delay about any change in their legal capacity and relevant legislative changes affecting issues covered by the country opinion as set out in the terms of reference given in Appendix III. 8. The ECB may at any time request an update or renewal of the country or capacity opinions referred to in Article 5(1), points (d) and (e). 9. Participants shall immediately inform the ECB if an event of default occurs in relation to themselves or if they are subject to crisis prevention measures or crisis management measures within the meaning of Directive 2014/59/EU of the European Parliament and of the Council (2) or any other equivalent applicable legislation. Article 12 Remuneration of Accounts 1. MCAs, DCAs and sub-accounts shall either be remunerated at zero per cent or at the deposit facility rate, whichever is lower. 2. Overnight balances held on a TIPS AS technical account or on an RTGS AS technical account for AS settlement procedure D, and guarantee funds, including those held on an AS guarantee fund account, shall be remunerated at the deposit facility rate. Article 13 Management of Accounts 1. Participants shall monitor and manage the liquidity on their accounts in line with the TARGET operating schedule as set out in Appendix V and perform transaction-level reconciliation at least once a day. This obligation may be fulfilled through a designated entity referred to in Article 7. 2. The participant shall make use of the tools provided by the ECB for the purpose of account reconciliation, in particular the daily statement of account which is made available to each participant. This obligation may be fulfilled through a designated entity referred to in Article 7. 3. Participants shall