(AGENPARL) -LA VALLETTA lun 20 marzo 2023

20/03/2023

The Central Bank of Malta publishes a new Directive No. 6

The Central Bank of Malta announces that its Directive No. 6 on Harmonised Conditions for Opening and Operating Payments Module Accounts, T2S Dedicated Cash Accounts in Target2-Malta, and TIPS Dedicated Cash Accounts on TARGET2-Malta, and also its Directive No. 7 on the Provision of Intraday Credit and Auto-Collateralisation, have been repealed in their entirety by means of Guideline ECB/2022/8 on a new-generation Trans-European Automated Real-time Gross Express Transfer system.

Subsequent to the above, the Central Bank of Malta implemented Guideline ECB/2022/8 in a newly published Directive No. 6 on New Generation Trans-European Automated Real-Time Gross Settlement Express Transfer System (TARGET), divided into three sections, namely (i) Harmonised Conditions for Participation in TARGET (Annex I), (ii) Target Governance Arrangements (Annex II), and (iii) Definitions (Annex III).

The new Directive No. 6 is effective from 20 March 2023, and participants to TARGET-Malta are to adhere to the provisions of such Directive as from such date.

Back to Archive0https://www.centralbankmalta.org/site/About-Us/Legislation/Directive-6.pdf’>https://www.centralbankmalta.org/site/About-Us/Legislation/Directive-6.pdf

Fonte/Source: https://www.centralbankmalta.org/en/news/90/2023/11101