Decisione UE In vigore

Decisione UE 1754/2026

Pubblicato: 07/07/2026 In vigore dal: 07/07/2026 Documento ufficiale

Riferimento normativo

Decisione (UE) 2026/1754 della Banca centrale europea, del 7 luglio 2026, che modifica la decisione (UE) 2022/911 della Banca centrale europea relativa ai termini e alle condizioni di TARGET-ECB e che abroga la decisione BCE/2007/7 (BCE/2022/22) (BCE/2026/16) EN: Decision (EU) 2026/1754 of the European Central Bank of 7 July 2026 amending Decision (EU) 2022/911 concerning the terms and conditions of TARGET-ECB and repealing Decision ECB/2007/7 (ECB/2022/22) (ECB/2026/16)

Testo normativo

Gazzetta ufficiale
dell'Unione europea
IT
Serie L
2026/1754
24.7.2026
DECISIONE (UE) 2026/1754 DELLA BANCA CENTRALE EUROPEA
del 7 luglio 2026
che modifica la decisione (UE) 2022/911 della Banca centrale europea relativa ai termini e alle condizioni di TARGET-ECB e che abroga la decisione BCE/2007/7 (BCE/2022/22)
(BCE/2026/16)
IL COMITATO ESECUTIVO DELLA BANCA CENTRALE EUROPEA,
visto il trattato sul funzionamento dell’Unione europea, in particolare il quarto trattino dell’articolo 127, paragrafo 2,
visto lo statuto del Sistema europeo di banche centrali e della Banca centrale europea, in particolare l’articolo 3.1 e gli articoli 17, 22 e 23,
considerando quanto segue:
(1)
in data 11 giugno 2021 il Consiglio direttivo ha stabilito che una funzionalità di regolamento cross currency nel servizio di regolamento dei pagamenti istantanei in TARGET (TIPS) è in linea con gli obiettivi strategici dell’Eurosistema. A seguito di tale decisione, l’indirizzo (UE) 2022/912 della Banca centrale europea (BCE/2022/8)
(
1
)
(di seguito, l’«indirizzo TARGET») è stato modificato dall’indirizzo (UE) 2026/1473 della Banca centrale europea (BCE/2026/11)
(
2
)
in maniera tale per cui TIPS consentirà, a partire dal 14 novembre 2026, di inviare pagamenti ai partecipanti TIPS o di ricevere pagamenti dai partecipanti TIPS che aderiscono allo schema di bonifico istantaneo denominato One-Leg Out (OCT Inst) SEPA del Consiglio europeo per i pagamenti (EPC).
(2)
Le modifiche all’indirizzo TARGET hanno inoltre introdotto un meccanismo in TARGET per consentire ai partecipanti di gestire meglio la loro liquidità consentendo trasferimenti automatici di liquidità tra i conti in contanti principali (MCA) di un partecipante e i suoi conti in contanti dedicati TIPS (TIPS DCA), una volta superato un limite minimo o massimo fissato dal partecipante.
(3)
Altre modifiche apportate all’indirizzo TARGET riguardano i termini e le condizioni di TARGET-ECB, compresa la modifica delle tariffe per i titolari di conti in contanti dedicati per il regolamento lordo in tempo reale; pertanto è opportuno che tali modifiche siano rispecchiate nella decisione (UE) 2022/911 della Banca centrale europea (BCE/2022/22)
(
3
)
.
(4)
Pertanto, è opportuno modificare di conseguenza la decisione (UE) 2022/911 (BCE/2022/22),
HA ADOTTATO LA PRESENTE DECISIONE:
Articolo 1
Modifiche
Gli allegati all’indirizzo (UE) 2022/911 (BCE/2022/22) sono modificati come segue:
1)
l’allegato I è modificato in conformità all’allegato I alla presente decisione;
2)
allegato III è modificato conformemente all’allegato II alla presente decisione;
3)
l’allegato I è modificato, a decorrere dal 14 novembre 2026, in conformità all’allegato III alla presente decisione;
4)
l’allegato III è modificato, a decorrere dal 14 novembre 2026, in conformità all’allegato IV alla presente decisione;
Articolo 2
Entrata in vigore
La presente decisione entra in vigore il quinto giorno successivo alla pubblicazione nella
Gazzetta ufficiale dell’Unione europea
.
Fatto a Francoforte sul Meno, il 7 luglio 2026
La presidente della BCE
Christine LAGARDE
(
1
)
Indirizzo (UE) 2022/912 della Banca centrale europea, del 24 febbraio 2022, relativo a un sistema di trasferimento espresso transeuropeo automatizzato di regolamento lordo in tempo reale (TARGET) di nuova generazione e che abroga l’indirizzo BCE/2012/27 (BCE/2022/8) (
GU L 163, 17.6.2022, pag. 84
, ELI:
http://data.europa.eu/eli/guideline/2022/912/oj
).
(
2
)
Indirizzo (UE) 2026/1473 della Banca centrale europea, del 4 maggio 2026, che modifica l’indirizzo (UE) 2022/912 relativo a un sistema di trasferimento espresso transeuropeo automatizzato di regolamento lordo in tempo reale (TARGET) di nuova generazione (BCE/2022/8) (BCE/2026/11) (
GU L, 2026/1473, 1.7.2026, ELI: http://data.europa.eu/eli/guideline/2026/1473/oj
).
(
3
)
Decisione (UE) 2022/911 della Banca centrale europea, del 19 aprile 2022, relativa ai termini e alle condizioni di TARGET-ECB e che abroga la decisione BCE/2007/7 (BCE/2022/22) (
GU L 163 del 17.6.2022, pag. 1
, ELI:
http://data.europa.eu/eli/dec/2022/911/oj
).
ALLEGATO I
L’allegato I della decisione (UE) 2022/911 (BCE/2022/22) è modificato come segue:
1)
La parte I è modificata come segue:
a)
L’articolo 14, paragrafo 2, è sostituito dal seguente:
‘2.   The participant may choose to receive a notification if the floor or ceiling amount is breached. In addition, for MCAs, RTGS DCAs or TIPS DCAs the participant may opt for the breach to trigger a rule-based liquidity transfer order.’
;
b)
l’articolo 26, paragrafo 2, è sostituito dal seguente:
‘2.   On the occurrence of either of the events set out in point (a) or (b), all obligations of the participant shall be automatically and immediately accelerated, without prior notice and without the need for any prior approval of any authority, so as to be immediately due.
(a)
An event of default referred to in Article 24(1).
(b)
Any other event of default or event referred to in Article 24(2) that has led to the termination or suspension of the participant’s participation, notwithstanding the commencement of any insolvency proceedings in respect of a participant and notwithstanding any assignment, judicial or other attachment or other disposition of or in respect of the participant’s rights.
In addition, the mutual obligations of the participant and the ECB shall automatically be set off against each other, and the party owing the higher amount shall pay to the other the difference.’
;
2)
alla parte II, l’articolo 6, paragrafo 4, è sostituito dal seguente:
‘4.   An MCA holder may authorise its MCA to be debited in the event that a floor is breached in one or more specified RTGS DCAs, TIPS DCAs or MCAs within the same liquidity transfer group in TARGET-ECB or another TARGET component system. By authorising its account to be debited, the MCA holder instructs the ECB to execute a rule-based liquidity transfer order that credits the RTGS DCA(s), TIPS DCA(s) or MCA(s) whenever the floor is breached.’
;
3)
alla parte V è inserito il seguente articolo 7
bis
:
‘Article 7a
Rule-based liquidity transfer orders
1.   A TIPS DCA holder may specify a floor and/or a ceiling amount for its TIPS DCA.
2.   By setting a ceiling and opting for a rule-based liquidity transfer order, if, following the settlement of an instant payment order, a positive recall answer or a liquidity transfer order, the ceiling is breached, the TIPS DCA holder instructs the ECB to execute a rule-based liquidity transfer order that credits an MCA designated by that TIPS DCA holder. The credited MCA may belong to another participant in TARGET-[insert CB/country reference] or in another TARGET component system.
3.   By setting a floor and opting for a rule-based liquidity transfer order, if, following the settlement of an instant payment order, a positive recall answer or a liquidity transfer order, the floor is breached, a rule-based liquidity transfer order is initiated that debits an MCA authorised by the MCA holder. The debited MCA may belong to another participant in TARGET-[insert CB/country reference] or in another TARGET component system. The holder of the debited MCA must authorise its MCA to be debited in this manner.’
;
4)
alla parte VII, l’articolo 12, paragrafo 1, è sostituito dal testo seguente:
‘1.   TIPS AS technical account holders may use the broadcast message function offered by TIPS, which allows a TIPS DCA holder or a TIPS AS technical account holder to send a message to all other TIPS DCA holders and TIPS AS technical account holders, to send broadcast messages in the following categories:
(a)
“Immediate downtime start”;
(b)
“Immediate downtime end”;
(c)
“Planned downtime”.’
;
5)
l’appendice VI è modificata come segue:
a)
alla sezione 3, paragrafo 1, la frase introduttiva è sostituita dalla seguente:
‘1.
Until 30 June 2026, RTGS DCA holders shall choose one of the following two pricing options:’;
b)
alla sezione 3 è inserito il seguente paragrafo 1
bis
:
‘1a.
From 1 July 2026, RTGS DCA holders shall choose one of the following two pricing options:
(a)
a monthly fee, plus a fixed transaction fee per payment order (debit entry).
Monthly fee
EUR 400
Transaction fee per payment order
EUR 0,80
(b)
a monthly fee, plus a transaction fee based on the volume of payment orders (debit entry) and calculated on a cumulative basis as set out in the following table. For participants in a billing group, the monthly volume of payment orders (debit entry) for all participants in that group shall be aggregated.
Monthly fee
EUR 5 000
Monthly volume of payment orders
Band
From
To
Transaction fee per payment order (EUR)
1.
1
10 000
0,60
2.
10 001
35 000
0,50
3.
35 001
80 000
0,40
4.
80 001
135 000
0,20
5.
135 001
200 000
0,125
6.
200 001
300 000
0,08
7.
Above 300 000
0,05’.
ALLEGATO II
All’allegato III della decisione (UE) 2022/911 (BCE/2022/22), DEFINIZIONI, il punto 55) è sostituito dal testo seguente:
‘(55)
“
rule-based liquidity transfer order
” means a liquidity transfer order that is triggered as a result of: (a) the balance on an MCA, or RTGS DCA or TIPS DCA breaching a pre-defined floor or ceiling; or (b) insufficient funds being available to cover queued urgent payment orders, AS transfer orders or high priority payment orders on an RTGS DCA;’.
ALLEGATO III
L’allegato I della decisione (UE) 2022/911 (BCE/2022/22) è modificato come segue:
1)
La parte I è modificata come segue:
a)
all’articolo 5, paragrafo 1, la lettera f) è sostituita dalla seguente:
‘(f)
if it is an applicant for a TIPS DCA, it has adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement and, if relevant, it has adhered to the One-Leg Out Instant Credit Transfer (OCT Inst) scheme by signing the One-Leg Out Instant Credit Transfer Adherence Agreement;’;
b)
all’articolo 5, paragrafo 1, la lettera g) è sostituita dalla seguente:
‘(g)
if it is an applicant for a TIPS AS technical account, it has provided evidence that the disclosure letter showing their intent to be an SCT Inst compliant Clearing and Settlement Mechanism (CSM) and, if relevant, to be an OCT Inst compliant CSM, has been provided to the European Payments Council (EPC);’;
c)
all’articolo 5, paragrafo 2, la lettera c) è sostituita dalla seguente:
‘(c)
if it is an applicant for a TIPS DCA, evidence of their adherence to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement and, if relevant, that it has adhered to the OCT Inst scheme by signing the One-Leg Out Instant Credit Transfer Adherence Agreement;’;
d)
all’articolo 5, paragrafo 2, la lettera d), è sostituita dalla seguente:
‘(d)
if the applicant is applying to use the TIPS AS settlement procedure, evidence that it has provided the EPC with the disclosure letter showing their intent to be an SCT Inst compliant CSM and, if relevant, an OCT Inst compliant CSM;’;
e)
all’articolo 17, paragrafo 1, la lettera b) è sostituita dalla seguente:
‘(b)
instant payment orders shall be deemed entered into TARGET-ECB and irrevocable at the moment that the relevant funds on the TIPS DCA of the participant or on its TIPS AS technical account are reserved;’;
2)
la parte V è modificata come segue:
a)
all’articolo 1, il paragrafo 3 è sostituito dal seguente:
‘3.   The TIPS DCA holder shall inform the ECB prior to exercising its option to accept instant payment orders according to the OCT Inst scheme.’
;
b)
all’articolo 3, i paragrafi 1, 2 e 3 sono sostituiti dai seguenti:
‘1.   A TIPS DCA holder may designate one or more reachable parties and shall inform the ECB if any of these reachable parties accept instant payment orders according to the OCT Inst scheme. Reachable parties shall have adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement, and, if relevant, the OCT Inst Scheme by signing the One-Leg Out Instant Credit Transfer Adherence Agreement.
2.   A TIPS DCA holder shall provide evidence to the ECB of each designated reachable party’s adherence to the SCT Inst scheme and, if relevant, the OCT Inst scheme.
3.   A TIPS DCA holder shall inform the ECB if any designated reachable party no longer adheres to the SCT Inst scheme and/or, if relevant, the OCT Inst scheme and shall, without undue delay, take steps to prevent the reachable party from accessing the TIPS DCA.’
;
c)
all’articolo 4, paragrafo 1, la lettera a
bis
) è soppressa;
d)
all’articolo 6, il paragrafo 3 è sostituito dal seguente:
‘3.   After an instant payment order has been accepted as set out in Part I, Article 16, TARGET-ECB shall check if sufficient funds are available on the payer’s TIPS DCA to effect settlement and the following shall apply:
a)
if sufficient funds are not available, the instant payment order shall be rejected;
b)
if sufficient funds are available, the corresponding amount shall be reserved while awaiting the payee’s response. In the event of acceptance by the payee of an instant payment order, the order shall be settled and the reservation shall be simultaneously lifted. In the event of rejection by the payee of an instant payment order, or the absence of a timely response, within the meaning of the SCT Inst scheme or the OCT Inst scheme, the instant payment order shall be rejected and the reservation shall be simultaneously lifted.’
;
e)
all’articolo 6, il paragrafo 5 è sostituito dal seguente:
‘5.   Without prejudice to paragraph 3, point (b), the ECB shall reject an instant payment order if the amount of the instant payment order exceeds any applicable credit memorandum balance (CMB).’
;
f)
all’articolo 8, il paragrafo 1 è sostituito dal seguente:
‘1.   The TIPS directory is a list of BICs used for the purpose of routing information and comprises the BICs of:
(a)
TIPS DCA holders;
(b)
reachable parties.
The TIPS directory shall include information for each BIC as to whether the TIPS DCA holder or reachable party accepts instant payment orders according to the OCT Inst scheme.’
;
g)
all’articolo 10 il paragrafo 4 è sostituito dal seguente:
‘4.   The ECB shall process instant payment orders of a TIPS DCA holder whose participation in TARGET-ECB has been suspended or terminated under Part I, Article 24(1) or (2) and in relation to which the ECB has reserved funds on a TIPS DCA pursuant to Part V, Article 6(3), point (b), prior to the suspension or termination.’
;
3)
la parte VII è modificata come segue:
a)
all’articolo 1, il paragrafo 1 è sostituito dal seguente:
‘1.   The ECB may on the request of an AS that settles instant payments pursuant to the SCT Inst scheme, and, if relevant, the OCT Inst scheme and, if relevant, near instant payments in its own books, open and operate one or more TIPS AS technical accounts. If the TIPS AS technical account holder exercises its option to accept instant payment orders according to the OCT Inst scheme, it shall inform the ECB accordingly.’
;
b)
all’articolo 1, i paragrafi 5 e 6 sono sostituiti dai seguenti:
‘5.   An ancillary system may send instant payment orders and positive recall answers to any TIPS DCA holder or TIPS AS technical account holder, and it may send instant payment orders according to the OCT Inst scheme to any TIPS DCA holder or TIPS AS technical account holder which has opted to receive them.
6.   An ancillary system shall receive and process instant payment orders, recall requests and positive recall answers from any TIPS DCA holder or TIPS AS technical account holder. If it has informed the ECB of the exercise of its option in accordance with paragraph 1, it shall accept instant payment orders according to the OCT Inst scheme from any TIPS DCA holder or TIPS AS technical account holder which has opted to send them.’
;
c)
all’articolo 4, il paragrafo 3 è sostituito dal seguente:
‘3.   After an instant payment order has been accepted as set out in Part I, Article 16(1), the ECB shall check if sufficient funds are available on the payer’s TIPS AS technical account to effect settlement and the following shall apply:
a)
if sufficient funds are not available, the instant payment order shall be rejected;
b)
if sufficient funds are available, the corresponding amount shall be reserved while awaiting the payee’s response. In the event of acceptance by the payee of an instant payment order, the order shall be settled and the reservation shall be simultaneously lifted. In the event of rejection by the payee of an instant payment order, or the absence of a timely response, within the meaning of the SCT Inst scheme or the OCT Inst scheme, the instant payment order shall be rejected and the reservation shall be simultaneously lifted.’
;
d)
all’articolo 4, il paragrafo 5 è sostituito dal seguente:
‘5.   Without prejudice to paragraph 3(b), the ECB shall reject an instant payment order if the amount of the instant payment order exceeds any applicable credit memorandum balance (CMB).’
;
e)
all’articolo 5, il paragrafo 2 è sostituito dal seguente:
‘2.   The recall request shall be forwarded to the payee of the settled instant payment order which may answer with a positive or negative recall answer.’
;
f)
all’articolo 7, il paragrafo 1 è sostituito dal seguente:
‘1.   A TIPS AS technical account holder may designate one or more reachable parties. Reachable parties shall have adhered to the SCT Inst scheme signing the SEPA Instant Credit Transfer Adherence Agreement and, if relevant, to the OCT Inst scheme signing the One-Leg Out Instant Credit Transfer Adherence Agreement, and, if they are addressable in TARGET as RTGS DCA holders, addressable BIC holders or as entities referred to in Part III, Article 3(1), point (a) of Guideline (EU) 2022/912 (ECB/2022/8), having been authorised to use an RTGS DCA by way of multi-addressee access, they shall hold a TIPS DCA or be reachable via a TIPS DCA.’
;
g)
all’articolo 7, il paragrafo 2 è sostituito dal seguente:
‘2.   A TIPS AS technical account holder shall provide evidence to the ECB of each designated reachable party’s adherence to the SCT Inst scheme and, if relevant, the OCT Inst scheme.’
;
h)
all’articolo 7 è inserito il seguente paragrafo 3
bis
:
‘3a.   A TIPS AS technical account holder shall inform the ECB if any designated reachable party no longer adheres to the OCT Inst scheme.’
;
i)
all’articolo 8, paragrafo 1, la lettera d) è soppressa;
j)
all’articolo 9, il paragrafo 1 è sostituito dal seguente:
‘1.   The TIPS directory is a list of BICs used for the purpose of routing information and comprises the BICS of:
a)
TIPS DCA holders;
b)
reachable parties.
The TIPS directory shall include information for each BIC as to whether the TIPS DCA holder or reachable party accepts instant payment orders according to the OCT Inst scheme.’
;
k)
all’articolo 11, il paragrafo 4 è sostituito dal seguente:
‘4.   he ECB shall process instant payment orders of a TIPS AS technical account holder whose participation in TARGET-ECB has been suspended or terminated under Part I, Article 24(1) or (2) and in relation to which the ECB has reserved funds on a TIPS AS technical account pursuant to Part VII, Article 4(3), point (b), prior to the suspension or termination.’
;
4)
l’appendice I è modificata come segue:
a)
alla sezione 4, lettera d), la tabella è sostituita dalla seguente:
‘Message Type
Description
Payments Clearing andSettlement (pacs)
pacs.002
FIToFIPayment Status Report
pacs.004
PaymentReturn
pacs.008
FIToFICustomerCreditTransfer
pacs.028
FIToFIPaymentStatusRequest
Cash Management (camt)
camt.003
GetAccount
camt.004
ReturnAccount
camt.011
ModifyLimit
camt.019
ReturnBusinessDayInformation
camt.025
Receipt
camt.027
ClaimNonReceipt
camt.029
ResolutionOfInvestigation
camt.050
LiquidityCreditTransfer
camt.052
BankToCustomerAccountReport
camt.053
BankToCustomerStatement
camt.054
BankToCustomerDebitCreditNotification
camt.056
FIToFIPaymentCancellationRequest
acmt.010
AccountRequestAcknowledgement
acmt.011
AccountRequestRejection
acmt.015
AccountExcludedMandateMaintenanceRequest
admi.004
SystemEventNotification
Reference data (reda)
reda.016
PartyStatusAdviceV01
reda.022
PartyModificationRequestV01’;
b)
alla sezione 4, la lettera e) è sostituita dalla seguente:
‘(e)
The following additional message subtypes are used for instant payment orders according to the OCT Inst scheme:
Tipo di messaggio
Description
pacs.002.001.03
FIToFIPayment Status Report
pacs.008.001.08
FIToFICustomerCreditTransfer
pacs.028.001.03
FIToFIPaymentStatusRequest
Messages related to instant payment orders according to the OCT Inst scheme will be identified with the suffix XCY in the message exchange protocol.’;
c)
alla sezione 6, il paragrafo finale non numerato è sostituito dal seguente:
‘If an instant payment order or a positive recall answer is rejected for any reason, the TIPS DCA holder shall receive a payment status report (pacs.002), as described in Chapter 4.2 of the TIPS UDFS. If a liquidity transfer order is rejected for any reason, the TIPS DCA holder shall receive a rejection (camt.025), as described in Chapter 1.6 of the TIPS UDFS.’;
5)
l’appendice VI è modificata come segue:
a)
alla sezione 6, la lettera c) è sostituita dalla seguente:
‘(c)
For each instant payment order or positive recall answer accepted by the ECB as set out in Part I, Article 16, a fee of EUR 0,001 shall be charged to both the holder of the TIPS DCA to be debited and to the holder of the TIPS DCA or TIPS AS technical account to be credited, whether or not the instant payment order or positive recall answer settles;’;
b)
alla sezione 7, paragrafo 2, la lettera c) è sostituita dalla seguente:
‘(c)
For each instant payment order or positive recall answer accepted by the ECB as set out in Part I, Article 16, a fee of EUR 0,001 shall be charged to both the holder of the TIPS AS technical account to be debited and to the holder of the TIPS AS technical account or TIPS DCA to be credited, whether or not the instant payment order or positive recall answer settles;’.
ALLEGATO IV
L’allegato III della decisione (UE) 2022/911 (BCE/2022/22) è modificato come segue:
1)
è aggiunto il seguente punto 28
bis
:
‘(28a)
“
European Payments Council’s SEPA One-Leg Out Instant Credit Transfer (OCT Inst) scheme
” or “
OCT Inst scheme
” means an open standards scheme providing a set of interbank rules, standards and practices to be complied with by OCT Inst scheme participants, allowing payment services providers in the Single Euro Payments Area (SEPA) to achieve interoperability for the provision and operation of the Euro leg of an international instant credit transfer;’;
2)
il punto 33 è sostituito dal seguente:
‘(33)
“
instant payment order
” means, in line with the European Payments Council’s SEPA Instant Credit Transfer (SCT Inst) scheme or One-Leg Out Instant Credit Transfer (OCT Inst) scheme, a cash transfer order which can be executed 24 hours a day any calendar day of the year, with immediate or close to immediate settlement and notification to the payer, and which includes: (i) TIPS DCA to TIPS DCA instant payment orders; (ii) TIPS DCA to TIPS AS technical account instant payment orders; (iii) TIPS AS technical account to TIPS DCA instant payment orders; and (iv) TIPS AS technical account to TIPS AS technical account instant payment orders;’;
3.
il punto 42 è sostituito dal seguente:
‘(42)
“
near instant payment
” means a transfer of cash order which complies with the NL Standard for instant processing of SEPA credit transfers, or with the European Payment Council’s SEPA One-Leg Out Instant Credit Transfer (OCT Inst) Scheme;’.
ELI: http://data.europa.eu/eli/dec/2026/1754/oj
ISSN 1977-0707 (electronic edition)

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