«—

“ Information and Control Module (ICM)” means the SSP module that allows PM account holders to obtain online information and gives them the possibility to submit liquidity transfer orders, manage liquidity and, if applicable, initiate backup payment orders or payment orders to the Contingency Solution in a contingency,»;

«—

“ Contingency Solution” means the SSP functionality that processes very critical and critical payments in contingency,»•

«8.

Participants shall immediately inform the ECB if an event of default occurs in relation to themselves or if they are subject to crisis prevention measures or crisis management measures within the meaning of Directive 2014/59/EU of the European Parliament and of the Council(*) or any other equivalent applicable legislation. (*1)

i)

η παράγραφος 3 αντικαθίσταται από το ακόλουθο κείμενο:

ii)

προστίθεται η ακόλουθη παράγραφος 4:

«(c)

allows participants to initiate backup liquidity redistribution and backup contingency payments or payment orders to the Contingency Solution in the event of a failure of the participant’s payment infrastructure.»•

«(c)

supervisory, resolution and oversight authorities of Member States and the Union, including CBs, to the extent that this is necessary for the performance of their public tasks, and provided in all such cases that the disclosure is not in conflict with the applicable law.»•

i)

η πέμπτη σειρά του πίνακα στην παράγραφο 2 σημείο 1 αντικαθίσταται από το ακόλουθο κείμενο:

ii)

η παράγραφος 8 σημείο 7 αντικαθίσταται από το ακόλουθο κείμενο:

«3.2.

General insolvency and crisis management issues

i)

τα στοιχεία (a) και (b) αντικαθίστανται από το ακόλουθο κείμενο:

ii)

τα στοιχεία (d) και (e) αντικαθίστανται από το ακόλουθο κείμενο:

«(a)

In the event that a participant has a problem that prevents it from settling payments in TARGET2 it shall be its responsibility to resolve the problem. In particular, a participant may use in-house solutions or the ICM functionality, i.e. backup liquidity redistribution and backup contingency payments (e.g. CLS, EURO1).

(b)

If a participant decides to use the ICM functionality for making backup liquidity redistribution, the ECB shall, if the participant so requests, open this functionality via the ICM. If the participant so requests, the ECB shall transmit an ICM broadcast message to inform other participants about the participant’s use of backup liquidity redistribution. The participant shall be responsible for sending such backup liquidity redistribution exclusively to other participants with which it has bilaterally agreed on the use of such payments and for any further steps in relation to such payments.»•

i)

ο ορισμός του «Information and Control Module (ICM)» αντικαθίσταται από το ακόλουθο κείμενο:

ii)

προστίθεται ο ακόλουθος ορισμός:

«9.

T2S DCA holders shall immediately inform the ECB if an event of default occurs in relation to themselves or if they are subject to crisis prevention measures or crisis management measures within the meaning of Directive 2014/59/EU or any other equivalent applicable legislation.»•

«3.

The ECB may impose additional security requirements, in particular with regard to cybersecurity or the prevention of fraud, on all T2S DCA holders and/or on T2S DCA holders that are considered critical by the ECB.»•

«(c)

supervisory, resolution and oversight authorities of Member States and the Union, including CBs, to the extent that this is necessary for the performance of their public tasks, and provided in all such cases that the disclosure is not in conflict with the applicable law.»•

«3.2.

General insolvency and crisis management issues

«8.

TIPS DCA holders shall immediately inform the ECB if an event of default occurs in relation to themselves or if they are subject to crisis prevention measures or crisis management measures within the meaning of Directive 2014/59/EU or any other equivalent applicable legislation.»•

i)

η παράγραφος 5 αντικαθίσταται από το ακόλουθο κείμενο:

ii)

προστίθεται η ακόλουθη παράγραφος 6:

«4.

In the event that the ECB suspends or terminates a TIPS DCA holder’s participation in TARGET2-ECB under paragraph 1 or 2, the ECB shall immediately inform, by means of a ICM broadcast message, other CBs and PM account holders in all of the TARGET2 component systems of such suspension or termination. Such message shall be deemed to have been issued by the home CB of the PM account holder that received the message.

«(c)

supervisory, resolution and oversight authorities of Member States and the Union, including CBs, to the extent that this is necessary for the performance of their public tasks, and provided in all such cases that the disclosure is not in conflict with the applicable law.»;

«3.2.

General insolvency and crisis management issues