Dan id-dokument hu mislut mis-sit web tal-EUR-Lex
Dokument 32009D0006(01)
2009/338/EC: Decision of the European Central Bank of 19 March 2009 on the establishment of the TARGET2-Securities Programme Board (ECB/2009/6)
2009/338/KE: Deċiżjoni tal-Bank Ċentrali Ewropew tad- 19 ta’ Marzu 2009 fuq it-twaqqif tal-Bord għall-Programm TARGET2-Securities (BĊE/2009/6)
2009/338/KE: Deċiżjoni tal-Bank Ċentrali Ewropew tad- 19 ta’ Marzu 2009 fuq it-twaqqif tal-Bord għall-Programm TARGET2-Securities (BĊE/2009/6)
ĠU L 102, 22.4.2009, p. 12–17
(BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
M’għadux fis-seħħ, Data tat-tmiem tal-validitàà: 28/03/2012; Imħassar b' 32012D0006(01)
22.4.2009 |
MT |
Il-Ġurnal Uffiċjali tal-Unjoni Ewropea |
L 102/12 |
DEĊIŻJONI TAL-BANK ĊENTRALI EWROPEW
tad-19 ta’ Marzu 2009
fuq it-twaqqif tal-Bord għall-Programm TARGET2-Securities
(BĊE/2009/6)
(2009/338/KE)
IL-KUNSILL GOVERNATTIV TAL-BANK ĊENTRALI EWROPEW,
Wara li kkunsidra l-Istatut tas-Sistema Ewropea ta’ Banek Ċentrali u tal-Bank Ċentrali Ewropew (minn hawn ’il quddiem l-“Istatut tas-SEBĊ”), u partikolarment l-Artikoli 3.1, 12.1, 12.3 u l-Artikoli 17, 18 u 22 tiegħu,
Billi:
(1) |
Fil-laqgħa tiegħu tas-6 ta’ Lulju, il-Kunsill Governattiv tal-Bank Ċentrali Ewropew (BĊE) iddeċieda li jesplora, f’kooperazzjoni mad-depożitarji ċentrali tat-titoli (CSDs) u parteċipanti oħrajn fis-suq, il-possibbiltà tat-twaqqif ta’ servizz tal-Ewrosistema ġdid għas-sald tat-titoli li ser jissejjaħ TARGET2-Securities (T2S). Bħala parti mill-ħidmiet tiegħu skont l-Artikoli 17, 18 u 22 tal-Istatut tal-SEBĊ, l-Ewrosistema tara li t-T2S ser ikun servizz ibbażat fuq pjattaforma waħda li tippermetti sald f’kontanti u titoli bażiċi, newtrali u mingħajr fruntieri mal-Ewropa kollha, li ser tiġi offruta lis-CSDs biex ikunu jistgħu jipprovdu lill-klijenti tagħhom b’servizzi ta’ sald abbażi ta’ kunsinna mal-ħlas li jkunu armonizzati u mhux iddifferenzjati (commoditised) fi flus ta’ bank ċentrali fi ħdan ambjent tekniku integrat. |
(2) |
Fis-17 ta’ Lulju 2008, il-Kunsill Governattiv iddeċieda li jniedi it-T2S u jipprovdi r-riżorsi meħtieġa sakemm jitlesta. Abbażi ta’ offerta mahħmula mid-Deutsche Bundesbank, il-Banco de España, il-Banque de France u l-Banca d’Italia, il-Kunsill Governattiv iddeċieda wkoll li t-T2S jiġi żvilupat u mħaddem minn dawn l-erba’ banek ċentrali nazzjonali (BĊNi). |
(3) |
L-organizzazzjoni effettiva u effiċjenti tat-T2S li tinvolvi parteċipanti kemm interni u esterni teħtieġ it-twaqqif ta’ korp ta’ mmaniġġar effiċjenti li ser jiżviluppa proposti għall-Kunsill Governattiv fuq kwistjonijiet strateġiċi ewlenin u jagħmlu ħidmiet ta’ natura purament teknika (minn hawn ‘il quddiem il-“Bord għall-Programm T2S”). |
(4) |
Taħt il-prinċipju taċ-deċentralizzazzjoni stabbilit fl-Artikolu 12.1 tal-Istatut tal-SEBĊ, safejn huwa possibbli u xieraq, il-BĊNi jagħmlu operazzjonijiet li jiffurmaw parti mill-ħidmiet tal-Ewrosistema. Il-banek ċentrali tal-Ewrosistema ser jafdaw b’hekk lill-Bord għall-Programm T2S b’ċerti ħidmiet ta’ implimentazzjoni biex ikun kompletament operattiv u jaġixxi f’isem l-Ewrosistema kollha. Il-Kumitat tas-Sistemi tal-Ħlas u Sald (PSSC) ser iżomm ir-rwol konsultattiv tiegħu mal-korpi li jieħdu d-deċiżjonijiet tal-BĊE, |
ADOTTA DIN ID-DEĊIŻJONI:
Artikolu 1
Il-Bord għall-Programm T2S
1. Il-Bord għall-Programm T2S għandu jiġi stabbilit bħala korp ta’ mmaniġġar effiċjenti tal-Ewrosistema bil-kompitu li jiżviluppa proposti għall-Kunsill Governattiv fuq kwistjonijiet strateġiċi ewlenin u jeżegwixxi ħidmiet ta’ natura purament teknika fir-rigward tat-T2S.
2. Il-mandat tal-Bord għall-Programm T2S, inkluż l-għanijiet, ir-responsabilitajiet, il-ħidmiet, il-kompożizzjoni, il-proċeduri tax-xogħol u l-baġit għandhom ikunu dawk stabbiliti fl-Anness ta’ din id-Deċiżjoni.
3. L-ismijiet u r-resumés tal-kandidati biex jiġu kkunsidrati għall-ħatra fil-Bord tal-Membri għall-Programm T2S għandhom jintbagħtu minn membri tal-Kunsill Governattiv lill-Bord Eżekuttiv biex jiġu rċevuti mhux aktar tard mit-8 ta’ April 2009. Abbażi ta’ dawn il-proposti, il-Kunsill Governattiv għandu jaħtar membri tal-Bord għall-Programm T2S fit-23 ta’ April 2009.
4. Il-Bord għall-Programm T2S għandu jibda x-xogħol min-nofs Mejju 2009.
5. Il-Bord għall-Programm T2S għandu jikkomunika l-aġenda tiegħu, sommarju tal-laqgħat tiegħu u dokumentazzjoni rilevanti fir-rigward tal-laqgħat tiegħu lill-membri tal-PSSC biex dan ikun jista’ jagħti r-reazzjonijiet tiegħu lill-Bord għall-Programm T2S.
Artikolu 2
Dispożizzjonijiet finali
Din id-Deċizjoni għandha tidħol fis-seħħ fl-20 ta’ Marzu 2009.
Magħmula fi Frankfurt am Main, 19 ta’ Marzu 2009.
Il-President tal-BĊE
Jean-Claude TRICHET
ANNESS
MANDATE OF THE T2S PROGRAMME BOARD
In line with the Treaty and the Statute of the European System of Central Banks and of the European Central Bank, the Eurosystem aims to offer its T2S Services to CSDs in Europe no later than 2013. The T2S services will allow for the core, neutral and borderless, i.e. pan-European, settlement of securities transactions on a delivery-versus-payment (DVP) basis in central bank money, on a single technical platform integrated with the real-time gross settlement systems settling in central bank money of each participating currency.
In view of the provision of the T2S Services, the ECB Governing Council, as ultimate decision-making body of the Eurosystem, established the T2S Programme Board to assist the ECB decision-making bodies in ensuring the successful and timely completion of the T2S programme.
The T2S Programme Board is also based on a T2S Protocol signed by the Eurosystem central banks. Without prejudice to the ultimate decision-making powers of the ECB decision-making bodies, the T2S Programme Board is entrusted with the autonomous performance of clearly defined executive tasks related to the T2S programme. The T2S Programme Board will report directly to the Governing Council regularly. The advisory functions of ESCB committees, in particular the PSSC, LEGCO and the EISC, are not affected by the establishment of the T2S Programme Board. The T2S Programme Board may seek and receive guidance from the Governing Council on T2S related issues in case of uncertainty or doubt.
If and when new issues related to T2S arise, the T2S Programme Board may be assigned further clearly defined executive tasks. In light of the Governing Council’s final competence in T2S issues, any tasks performed by the T2S Programme Board may be addressed by the Governing Council.
OBJECTIVES
Based on this mandate, the T2S Programme Board ensures that the T2S programme is implemented:
— |
in accordance with market expectations, as reflected in the user requirement document (URD) dated 21 May 2008, as amended from time to time, |
— |
within the budget defined by the Governing Council, |
— |
no later than June 2013. |
RESPONSIBILITIES
In view of meeting its objectives, the T2S Programme Board is responsible for:
— |
submitting proposals to the ECB decision-making bodies on T2S issues that are of a strategic nature and might have an impact on the timely and successful implementation of the T2S programme within the agreed parameters, |
— |
managing the T2S programme on a daily basis, |
— |
managing the relations with T2S clients and external stakeholders, |
— |
reporting on the T2S programme to the ECB decision-making bodies on a regular and structured basis, |
— |
interacting with the 4CB. |
TASKS
In view of fulfilling its responsibilities, the following executive tasks are assigned to the T2S Programme Board:
1. |
Elaboration of proposals for ultimate decision by the Governing Council The T2S Programme Board elaborates proposals in the following fields:
|
2. |
Programme management The T2S Programme Board:
|
3. |
Relations with external stakeholders The T2S Programme Board:
|
4. |
Reporting The T2S Programme Board:
|
COMPOSITION
The T2S Programme Board is composed of eight members. The mandate of a T2S Programme Board member lasts for eighteen months and may be renewed. Members of the Governing Council and the Governors of central banks that have committed to settle their national currency via T2S may present candidates for the T2S Programme Board.
The Governing Council will appoint the members of the T2S Programme Board upon the proposal of the Executive Board of the ECB. In addition to the abovementioned members, the Governing Council may nominate alternates for each of the NCB members. These alternates will receive all T2S Programme Board documentation, will replace the incumbent in case of absence and may attend meetings of the T2S Programme Board as observers.
WORKING PROCEDURES
— |
T2S Programme Board members do not represent their central bank of origin, but act in the general interest of the Eurosystem, |
— |
in case of an equal number of votes in the T2S Programme Board, its chairperson will have a casting vote, |
— |
members of the T2S Programme Board will not vote when they are in a situation of conflict of interest. This applies in particular to the members of Deutsche Bundesbank, Banque de France, Banca d’Italia and Banco de España, if the T2S Programme Board decides on the validation of the 4CB deliveries, |
— |
the chairperson of the T2S Programme Board works full time on the T2S project; the independent members at least 30 % and the other members at least 10 %, |
— |
members of the T2S Programme Board may not, at the same time, be members of the ECB decision-making bodies nor of the PSSC, nor of the EISC, |
— |
the T2S Programme Board is supported by a T2S project team which may also be composed of staff seconded by ESCB central banks. The team may also hire consultants, |
— |
the T2S Programme Board function is subject to the reviews of the Internal Auditors Committee of the Eurosystem, |
— |
the T2S Programme Board generally meets once every month, or on an ad-hoc basis, at the invitation of the Chairperson, |
— |
details of the working procedures are to be addressed in the Rules of Procedure of the T2S Programme Board. |
BUDGET
The T2S Programme Board has its own budget, adopted by the Governing Council and subject to the BUCOM procedures. This budget comprises exclusively expenses which will be recovered by the T2S CSDs and, ultimately, by the T2S users. All such expenses are in the T2S budget. The PSSC, the EISC, the BUCOM and the T2S Advisory Group are consulted before the budget proposal is sent to the Governing Council.
As much as possible and appropriate, the T2S Programme Board follows the procedures of the ECB, and the support functions of the ECB. Related expenses are reimbursed to the ECB.
TRANSITORY MEASURES
Transitory measures aim at allowing the T2S Programme Board to be fully operational on 1 August 2009.
Members of the Governing Council and Governors of non-euro central banks which have committed to settle their national currencies via T2S are invited to propose candidates for membership of the T2S Programme Board by 8 April 2009, in view of their appointment by the Governing Council on 23 April 2009.
ECB staff members of the T2S division are assigned to the T2S programme as from 1 August 2009.
The T2S Programme Board will, inter alia, prepare proposals for the meeting of the Governing Council of 16 July 2009, on the following topics:
— |
a budget for 2009, |
— |
Rules of Procedure for the T2S Programme Board, |
— |
a note clarifying the working relations between the ECB services and the T2S Programme Board. |