What changes on 03/08/2025

The text in force from 06/06/2016 compared with the text from 03/08/2025.

Read the act as of 03/08/2025 · other versions:

Part I

• inserted Article 1 - Subject matter and scope
• inserted Article 2 - Definitions

Part II

• inserted Article 3 - Identification criteria and decision
• inserted Article 4 - Written notice of the initiation of the process to identify a payment system as a SIPS
• inserted Article 5 - Right of access to files during the process to identify a payment system as a SIPS
• inserted Article 6 - Right to be heard during the process to identify a payment system as a SIPS
• inserted Article 7 - Motivation of the decision identifying a payment system as a SIPS

Part III

• inserted Article 8 - Legal soundness
• inserted Article 9 - Governance
• inserted Article 10 - Framework for the comprehensive management of risks
• inserted Article 11 - Credit risk
• inserted Article 12 - Collateral
• inserted Article 13 - Liquidity risk
• inserted Article 14 - Final settlement
• inserted Article 15 - Money settlements
• inserted Article 16 - Payment versus payment
• inserted Article 17 - Participant-default rules and procedures
• inserted Article 18 - General business risk
• inserted Article 19 - Custody and investment risks
• inserted Article 20 - Operational risk
• inserted Article 21 - Cyber risk
• inserted Article 22 - Outsourcing
• inserted Article 23 - Access and participation criteria
• inserted Article 24 - Tiered participation arrangements
• inserted Article 25 - Efficiency and effectiveness
• inserted Article 26 - Communication procedures and standards
• inserted Article 27 - Disclosure of rules, key procedures and market data
• inserted Article 28 - General obligation to comply

Part IV

• inserted Article 29 - Powers of a competent authority
• inserted Article 30 - Organisation of oversight activities
• inserted Article 31 - Confidentiality

Part V

• inserted Article 32 - Corrective measures
• inserted Article 33 - Sanctions

Part VI

• inserted Article 34 - Review

Part VII

• inserted Article 35 - Repeal
• inserted Article 36 - Final provisions

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
• inserted Recital 8
• inserted Recital 9
• inserted Recital 10
• inserted Recital 11
• inserted Recital 12
• inserted Recital 13
• inserted Recital 14
• inserted Recital 15
• inserted Recital 16
• inserted Recital 17
• inserted Recital 18
• inserted Recital 19
• inserted Recital 20
• inserted Recital 21
• inserted Recital 22
• inserted Recital 23
• inserted Recital 24
• inserted Preamble
• inserted Annex I
• inserted Annex II