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Document 32017D0020
Decision (EU) 2017/1403 of the European Central Bank of 23 June 2017 amending Decision ECB/2012/6 on the establishment of the TARGET2-Securities Board (ECB/2017/20)
Decision (EU) 2017/1403 of the European Central Bank of 23 June 2017 amending Decision ECB/2012/6 on the establishment of the TARGET2-Securities Board (ECB/2017/20)
Decision (EU) 2017/1403 of the European Central Bank of 23 June 2017 amending Decision ECB/2012/6 on the establishment of the TARGET2-Securities Board (ECB/2017/20)
OJ L 199, 29.7.2017, p. 24–25
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
No longer in force, Date of end of validity: 06/02/2019; Implicitly repealed by 32019D0003(01)
29.7.2017 |
EN |
Official Journal of the European Union |
L 199/24 |
DECISION (EU) 2017/1403 OF THE EUROPEAN CENTRAL BANK
of 23 June 2017
amending Decision ECB/2012/6 on the establishment of the TARGET2-Securities Board (ECB/2017/20)
THE GOVERNING COUNCIL 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 Articles 3.1, 12.1 and 12.3 and Articles 17, 18 and 22 thereof,
Having regard to Guideline ECB/2012/13 of 18 July 2012 on TARGET2-Securities (1),
Whereas:
(1) |
On 16 March 2016, the Governing Council approved the establishment of a ‘Market Infrastructure Board’, a new governance body responsible for technical and operational management tasks in the field of market infrastructures and platforms. |
(2) |
Accordingly, Decision ECB/2012/6 (2) should be amended, to reflect the establishment of the Market Infrastructure Board, and the operation of the T2S Board as one of the dedicated formats of the Market Infrastructure Board, |
HAS ADOPTED THIS DECISION:
Article 1
Amendments
Decision ECB/2012/6 is amended as follows:
1. |
Article 1 is replaced by the following: ‘Article 1 Definitions Terms used in this Decision shall have the same meaning as in Guideline ECB/2012/13 (*1) and in the T2S Framework Agreement endorsed by the Governing Council on 17 November 2011. (*1) Guideline ECB/2012/13 of the European Central Bank of 18 July 2012 on TARGET2-Securities (OJ L 215, 11.8.2012, p. 19).’;" |
2. |
in Article 2, paragraph 1 is replaced by the following: ‘1. The T2S Board shall be established as a governance body with the task of developing proposals for the Governing Council on key strategic issues and executing tasks of a purely technical nature assigned to it by the Governing Council. It shall operate as one of the dedicated formats of the Market Infrastructure Board (MIB).’; |
3. |
in Annex I, under the section ‘Composition’, the fourth paragraph is replaced by the following: ‘The mandate of a T2S Board member lasts for 24 months and may be renewed. The Governing Council may decide on a shorter mandate, including when members resign or retire before the expiry of their mandate.’; |
4. |
Annex II is amended as follows:
|
Article 2
Final provision
This Decision shall enter into force on 23 June 2017.
Done at Frankfurt am Main, 23 June 2017.
The President of the ECB
Mario DRAGHI
(1) OJ L 215, 11.8.2012, p. 19.
(2) Decision ECB/2012/6 of 29 March 2012 on the establishment of the TARGET2-Securities Board and repealing Decision ECB/2009/6 (OJ L 117, 1.5.2012, p. 13).