ECB Publishes Decision on the Procedure and Conditions for Exercise of Powers in Relation to Oversight of SIPS in EU Official Journal

The Governing Council of the European Central Bank (ECB) has published in the official journal of the European Union Decision (EU) 2019/1349 of the European Central Bank of July 26, 2019 on the procedure and conditions for exercise by a competent authority of certain powers in relation to oversight of systemically important payment systems (SIPS) (ECB/2019/25).

The decision sets out the procedure and conditions which competent authorities shall comply with when exercising their powers, when:

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