(3)Decision (EU) 2025/222 (ECB/2025/2) provides for a transition period until 31 December 2025 to enable the migration of NB-PSPs currently registered as addressable business identifier code (BIC) holders or reachable parties on the Eurosystem central banks’ own account in order for these NB-PSPs to become participants in TARGET. This transition period should be extended as necessitated by the postponement of the relevant amendments to the TARGET Guideline. An extension of the transition period until 31 March 2026 is considered reasonable and appropriate to enable migration and the phasing-out of the existing connection by certain NB-PSPs for payment processing.