direct participant
Defined in Article 2, Regulation (EU) 2025/1355 of the ECB
Definitions over time (1)
-
03/08/2025 – today applies on 12/11/2026 Article 2, Regulation (EU) 2025/1355 of the ECB Scope: Whole act
For the purposes of this Regulation, the following definitions apply:
‘direct participant’ means a legal entity that has a direct access to the SIPS’s services on the basis of a contractual relationship whereby it is bound by the relevant SIPS’s rules, is allowed to send transfer orders to that system and is capable of receiving transfer orders from it;