European Central Bank 2 July 2025, Regulation (EU) 2025/1355 of the European Central Bank of 2 July 2025 on oversight requirements for systemically important payment systems (ECB/2025/22) (recast)

Also known as

European Union · · · Cited by 37 · 02-07-2025

PART I. SUBJECT MATTER, SCOPE AND DEFINITIONS
Article 1. Subject matter and scope
Article 2. Definitions
PART II. IDENTIFICATION CRITERIA AND PROCESS
Article 3. Identification criteria and decision
Article 4. Written notice of the initiation of the process to identify a payment system as a SIPS
Article 5. Right of access to files during the process to identify a payment system as a SIPS
Article 6. Right to be heard during the process to identify a payment system as a SIPS
Article 7. Motivation of the decision identifying a payment system as a SIPS
PART III. REQUIREMENTS IMPOSED ON SIPS OPERATORS
Article 8. Legal soundness
Article 9. Governance
Article 10. Framework for the comprehensive management of risks
Article 11. Credit risk
Article 12. Collateral
Article 13. Liquidity risk
Article 14. Final settlement
Article 15. Money settlements
Article 16. Payment versus payment
Article 17. Participant-default rules and procedures
Article 18. General business risk
Article 19. Custody and investment risks
Article 20. Operational risk
Article 21. Cyber risk
Article 22. Outsourcing
Article 23. Access and participation criteria
Article 24. Tiered participation arrangements
Article 25. Efficiency and effectiveness
Article 26. Communication procedures and standards
Article 27. Disclosure of rules, key procedures and market data
Article 28. General obligation to comply
PART IV. COMPETENT AUTHORITIES
Article 29. Powers of a competent authority
Article 30. Organisation of oversight activities
Article 31. Confidentiality
PART V. CORRECTIVE MEASURES AND SANCTIONS
Article 32. Corrective measures
Article 33. Sanctions
PART VI. REVIEW OF APPLICATION OF THIS REGULATION
Article 34. Review
PART VII. REPEAL AND FINAL PROVISIONS
Article 35. Repeal
Article 36. Final provisions
ANNEX I. Repealed Regulation with list of the successive amendments thereto

Official Journal
of the European Union

L series

2025/1355

14.7.2025

REGULATION (EU) 2025/1355 OF THE EUROPEAN CENTRAL BANK

of 2 July 2025

on oversight requirements for systemically important payment systems (ECB/2025/22)

(recast)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty on the Functioning of the European Union, and in

Read the full text

This document is published by eur-lex.europa.eu.

Moonlit adds the citation network (37 references), article-level links and cross-references, which are available to search for free.