indirect participant

Defined in Article 2, Regulation (EU) No 795/2014 of the ECB

Uses as of 06/12/2017

Definitions over time (1)

1. 06/12/2017 – 25/05/2021 applies on 06/12/2017 Article 2, Regulation (EU) No 795/2014 of the ECB Scope: Whole act

   ‘indirect participant’ means a legal entity that does not have direct access to a SIPS's services and is typically not directly bound by the relevant SIPS's rules, and whose transfer orders are cleared, settled and recorded by the SIPS through a direct participant. An indirect participant has a contractual relationship with a direct participant. The relevant legal entities are limited to:

Used in (10 places in 3 provisions on 06/12/2017)

Regulation (EU) No 795/2014 of the ECB (10 in 3)

Article 2³ · Article 16 · Article 17⁶