Art. 27. - Art. 27: Duration and ordinary termination of participation - Decizia BCE/2007/7/24-iul-2007 privind termenii şi condiţiile TARGET2-ECB
Acte UE
Jurnalul Oficial 237L
Ieşit din vigoare
Versiune de la: 13 Iunie 2022
Art. 27: Duration and ordinary termination of participation
1.Without prejudice to Article 28, participation in TARGET2-ECB is for an indefinite period of time.
2.A participant may terminate its participation in TARGET2-ECB at any time giving 14 business days' notice thereof, unless it agrees a shorter notice period with the ECB.
3.The ECB may terminate a participant's participation in TARGET2-ECB at any time giving three months' notice thereof, unless it agrees a different notice period with that participant.
4.On termination of participation, the confidentiality duties laid down in Article 32 remain in force for a period of five years starting on the date of termination.
5.On termination of participation, the PM accounts of the participant concerned shall be closed in accordance with Article 29.