2014/418/EU: Decision of the European Central Bank of 16 June 2014 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2014/27)

1.7.2014 EN Official Journal of the European Union L 192/68
DECISION OF THE EUROPEAN CENTRAL BANK
of 16 June 2014
amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB
(ECB/2014/27)
(2014/418/EU)
THE EXECUTIVE BOARD OF THE EUROPEAN CENTRAL BANK
,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 127(2) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 11.6 and Articles 17, 22 and 23 thereof,
Having regard to Guideline ECB/2012/27 of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (1), and in particular Article 8(2) thereof,
Whereas:
(1) Guideline ECB/2012/27 specified the remuneration on the Payments Module (PM) accounts and their sub-accounts in a way which could have interfered with a Governing Council decision to lower the deposit facility rate to below 0 %.
(2) As a result, Guideline ECB/2012/27 has been amended by Guideline ECB/2014/25 (2) in order to eliminate such potential interferences.
(3) Therefore, it is necessary to further amend Decision ECB/2007/7 (3) in order to reflect in TARGET2-ECB the amendments Guideline ECB/2014/25 brings to the remuneration of the PM accounts and their sub-accounts,