Decision on Eurozone Oversight of Systemically Important Payment Systems
08/16/2019A Decision of the European Central Bank has been published in the Official Journal of the European Union. The Decision supplements the ECB's Regulation on the oversight of systemically important payment systems. The Decision sets out the procedures and conditions for a regulator to follow when seeking to obtain information and documents from the operator of a SIPS, requiring a SIPS operator to appoint an independent expert to carry out an investigation or review on the operation of the SIPS or conduct on-site inspections.
The Decision enters into force on September 5, 2019 and applies to the Eurozone regulators of Eurozone SIPS.
View the ECB Decision.
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