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Document 32009D0006(01)
2009/338/EC: Decision of the European Central Bank of 19 March 2009 on the establishment of the TARGET2-Securities Programme Board (ECB/2009/6)
2009/338/EG: Besluit van de Europese Centrale Bank van 19 maart 2009 houdende de instelling van de TARGET2-Effecten Programmaraad (TARGET2-Securities Programme Board) (ECB/2009/6)
2009/338/EG: Besluit van de Europese Centrale Bank van 19 maart 2009 houdende de instelling van de TARGET2-Effecten Programmaraad (TARGET2-Securities Programme Board) (ECB/2009/6)
OJ L 102, 22.4.2009, p. 12–17
(BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
No longer in force, Date of end of validity: 28/03/2012; opgeheven door 32012D0006(01)
22.4.2009 |
NL |
Publicatieblad van de Europese Unie |
L 102/12 |
BESLUIT VAN DE EUROPESE CENTRALE BANK
van 19 maart 2009
houdende de instelling van de TARGET2-Effecten Programmaraad (TARGET2-Securities Programme Board)
(ECB/2009/6)
(2009/338/EG)
DE RAAD VAN BESTUUR VAN DE EUROPESE CENTRALE BANK,
Gelet op de statuten van het Europees Stelsel van centrale banken en van de Europese Centrale Bank (hierna „de ESCB-statuten”), inzonderheid op artikel 3.1, artikel 12.1, artikel 12.3, artikel 17, 18 en 22,
Overwegende hetgeen volgt:
(1) |
Tijdens de vergadering van 6 juli 2006 besloot de Raad van bestuur van de Europese Centrale Bank (ECB) om in samenwerking met centrale effectenbewaarinstellingen (CSD’s) en andere marktdeelnemers de mogelijkheid na te gaan van een nieuwe effectenvereveningsdienst van het Eurosysteem die TARGET2-Effecten (T2S) moet gaan heten. Als deel van zijn in artikel 17, 18 en 22 van de ESCB-statuten vastgelegde taken voorziet het Eurosysteem dat T2S een op één platform gebaseerde dienst wordt voor de neutrale, grenzeloze pan-Europese aanbieding aan CSD’s van kerndiensten inzake contant- en effectenverrekening, opdat deze hun klanten geharmoniseerde en gestandaardiseerde levering-tegen-betalingdiensten in centralebankgeld in een technisch geïntegreerde omgeving kunnen aanbieden. |
(2) |
Op 17 juli 2008 besloot de Raad van bestuur T2S te lanceren en de voor de voltooiing benodigde middelen te verschaffen. Op basis van een aanbod van de Deutsche Bundesbank, de Banco de España, de Banque de France en de Banca d’Italia heeft de Raad van bestuur tevens besloten dat deze vier nationale centrale banken (NCB’s) T2S ontwikkelen en exploiteren. |
(3) |
De effectieve en efficiënte organisatie van T2S met interne en externe deelnemers vereist een gestroomlijnd beheerslichaam dat inzake essentiële strategische aangelegenheden voorstellen zal doen aan de Raad van bestuur en puur technische taken zal uitvoeren (hierna de „T2S-Programmaraad”). |
(4) |
Voor zover mogelijk en passend voeren de NCB’s krachtens het in artikel 12.1 van de ESCB-statuten vastgelegde decentralisatiebeginsel tot de Eurosysteem-taken behorende operaties uit. De centrale banken van het Eurosysteem zullen derhalve de T2S-Programmaraad met bepaalde uitvoeringstaken belasten, zodat deze volledig operationeel kan zijn en namens het hele Eurosysteem kan optreden. Het Comité voor betalings- en verrekeningssystemen blijft zijn adviesrol ten overstaan van de ECB-besluitvormende organen vervullen, |
HEEFT HET VOLGENDE BESLUIT VASTGESTELD:
Artikel 1
T2S-Programmaraad
1. De T2S-Programmaraad wordt een gestroomlijnd beheerslichaam van het Eurosysteem dat inzake essentiële strategische aangelegenheden voorstellen zal doen aan de Raad van bestuur en puur technische T2S-taken zal uitvoeren.
2. Het mandaat van de T2S-Programmaraad wordt in de bijlage bij dit Besluit uiteengezet, evenals de doelstellingen, verantwoordelijkheden, taken, samenstelling, werkprocedures en begroting.
3. De leden van de Raad van bestuur sturen de namen en de curricula vitae van de voor benoeming als lid van de T2S-Programmaraad in aanmerking komende kandidaten door naar de directie die de curricula ten laatste op 8 april 2009 dient te ontvangen. Op basis van die voorstellen benoemt de Raad van bestuur de leden van de T2S-programmaraad op 23 april 2009.
4. De T2S-Programmaraad start zijn werkzaamheden midden mei 2009.
5. De T2S-Programmaraad communiceert zijn agenda, vergaderingsnotulen en relevante vergaderingsdocumenten aan de leden van het Comité voor betalings- en verrekeningssystemen opdat zij de T2S-Programmaraad van input kunnen voorzien.
Artikel 2
Slotbepaling
Dit Besluit treedt op 20 maart 2009 in werking.
Gedaan te Frankfurt am Main, 19 maart 2009.
De president van de ECB
Jean-Claude TRICHET
BIJLAGE
MANDATE OF THE T2S PROGRAMME BOARD
In line with the Treaty and the Statute of the European System of Central Banks and of the European Central Bank, the Eurosystem aims to offer its T2S Services to CSDs in Europe no later than 2013. The T2S services will allow for the core, neutral and borderless, i.e. pan-European, settlement of securities transactions on a delivery-versus-payment (DVP) basis in central bank money, on a single technical platform integrated with the real-time gross settlement systems settling in central bank money of each participating currency.
In view of the provision of the T2S Services, the ECB Governing Council, as ultimate decision-making body of the Eurosystem, established the T2S Programme Board to assist the ECB decision-making bodies in ensuring the successful and timely completion of the T2S programme.
The T2S Programme Board is also based on a T2S Protocol signed by the Eurosystem central banks. Without prejudice to the ultimate decision-making powers of the ECB decision-making bodies, the T2S Programme Board is entrusted with the autonomous performance of clearly defined executive tasks related to the T2S programme. The T2S Programme Board will report directly to the Governing Council regularly. The advisory functions of ESCB committees, in particular the PSSC, LEGCO and the EISC, are not affected by the establishment of the T2S Programme Board. The T2S Programme Board may seek and receive guidance from the Governing Council on T2S related issues in case of uncertainty or doubt.
If and when new issues related to T2S arise, the T2S Programme Board may be assigned further clearly defined executive tasks. In light of the Governing Council’s final competence in T2S issues, any tasks performed by the T2S Programme Board may be addressed by the Governing Council.
OBJECTIVES
Based on this mandate, the T2S Programme Board ensures that the T2S programme is implemented:
— |
in accordance with market expectations, as reflected in the user requirement document (URD) dated 21 May 2008, as amended from time to time, |
— |
within the budget defined by the Governing Council, |
— |
no later than June 2013. |
RESPONSIBILITIES
In view of meeting its objectives, the T2S Programme Board is responsible for:
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submitting proposals to the ECB decision-making bodies on T2S issues that are of a strategic nature and might have an impact on the timely and successful implementation of the T2S programme within the agreed parameters, |
— |
managing the T2S programme on a daily basis, |
— |
managing the relations with T2S clients and external stakeholders, |
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reporting on the T2S programme to the ECB decision-making bodies on a regular and structured basis, |
— |
interacting with the 4CB. |
TASKS
In view of fulfilling its responsibilities, the following executive tasks are assigned to the T2S Programme Board:
1. |
Elaboration of proposals for ultimate decision by the Governing Council The T2S Programme Board elaborates proposals in the following fields:
|
2. |
Programme management The T2S Programme Board:
|
3. |
Relations with external stakeholders The T2S Programme Board:
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4. |
Reporting The T2S Programme Board:
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COMPOSITION
The T2S Programme Board is composed of eight members. The mandate of a T2S Programme Board member lasts for eighteen months and may be renewed. Members of the Governing Council and the Governors of central banks that have committed to settle their national currency via T2S may present candidates for the T2S Programme Board.
The Governing Council will appoint the members of the T2S Programme Board upon the proposal of the Executive Board of the ECB. In addition to the abovementioned members, the Governing Council may nominate alternates for each of the NCB members. These alternates will receive all T2S Programme Board documentation, will replace the incumbent in case of absence and may attend meetings of the T2S Programme Board as observers.
WORKING PROCEDURES
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T2S Programme Board members do not represent their central bank of origin, but act in the general interest of the Eurosystem, |
— |
in case of an equal number of votes in the T2S Programme Board, its chairperson will have a casting vote, |
— |
members of the T2S Programme Board will not vote when they are in a situation of conflict of interest. This applies in particular to the members of Deutsche Bundesbank, Banque de France, Banca d’Italia and Banco de España, if the T2S Programme Board decides on the validation of the 4CB deliveries, |
— |
the chairperson of the T2S Programme Board works full time on the T2S project; the independent members at least 30 % and the other members at least 10 %, |
— |
members of the T2S Programme Board may not, at the same time, be members of the ECB decision-making bodies nor of the PSSC, nor of the EISC, |
— |
the T2S Programme Board is supported by a T2S project team which may also be composed of staff seconded by ESCB central banks. The team may also hire consultants, |
— |
the T2S Programme Board function is subject to the reviews of the Internal Auditors Committee of the Eurosystem, |
— |
the T2S Programme Board generally meets once every month, or on an ad-hoc basis, at the invitation of the Chairperson, |
— |
details of the working procedures are to be addressed in the Rules of Procedure of the T2S Programme Board. |
BUDGET
The T2S Programme Board has its own budget, adopted by the Governing Council and subject to the BUCOM procedures. This budget comprises exclusively expenses which will be recovered by the T2S CSDs and, ultimately, by the T2S users. All such expenses are in the T2S budget. The PSSC, the EISC, the BUCOM and the T2S Advisory Group are consulted before the budget proposal is sent to the Governing Council.
As much as possible and appropriate, the T2S Programme Board follows the procedures of the ECB, and the support functions of the ECB. Related expenses are reimbursed to the ECB.
TRANSITORY MEASURES
Transitory measures aim at allowing the T2S Programme Board to be fully operational on 1 August 2009.
Members of the Governing Council and Governors of non-euro central banks which have committed to settle their national currencies via T2S are invited to propose candidates for membership of the T2S Programme Board by 8 April 2009, in view of their appointment by the Governing Council on 23 April 2009.
ECB staff members of the T2S division are assigned to the T2S programme as from 1 August 2009.
The T2S Programme Board will, inter alia, prepare proposals for the meeting of the Governing Council of 16 July 2009, on the following topics:
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a budget for 2009, |
— |
Rules of Procedure for the T2S Programme Board, |
— |
a note clarifying the working relations between the ECB services and the T2S Programme Board. |