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European Union
Decision (EU) 2025/222 (ECB/2025/2)
Article 5
4.

Decision (EU) 2025/222 (ECB/2025/2)

In forceThis text since 11 Jun 2025law://eu/dec/2025/222/art_5__para_4@2026-11-10

Version in force onWhereEuropean Union

Contents

1. In the event that an NB-PSP fails to comply with the requi…
2. Where an NB-PSP has not remedied a material non-compliance…
3. If an NB-PSP no longer complies with the requirements set…
4. In the event that an NB-PSP fails to comply with the requi…
5. The ECB shall review the provisions of this Article no lat…

Contents

1. In the event that an NB-PSP fails to comply with the requi…
2. Where an NB-PSP has not remedied a material non-compliance…
3. If an NB-PSP no longer complies with the requirements set…
4. In the event that an NB-PSP fails to comply with the requi…
5. The ECB shall review the provisions of this Article no lat…

4.In the event that an NB-PSP fails to comply with the requirements set out in Article 2(3), the relevant Eurosystem central bank may terminate that NB-PSP’s participation in the central bank operated payment system on one month’s notice.

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Decision · (EU) 2025/222
Adopted: 27 Jan 2025
In force: 26 Feb 2025
Applies from: 9 Apr 2025
Text current to: 11 Jun 2025
Made by: European Central Bank
Official: EUR-Lex 32025D0222 · ELI

Topics

Eurosystem financial institution financial legislation financial services payment system provision of services Free movement of capital Internal market - Principles Payment and settlement systems

History · 1 version

11 Jun 2025Reading

Connections

Cited by 1: Decision (EU) 2025/1148 (ECB/2025/18)5 provisions
Cites 1: this act

Defined terms · 6

Show every defined term

cash transfer order
means a cash transfer order as defined in Annex III, point (16) of Guideline (EU) 2022/912 (ECB/2022/8);
central bank operated payment system
means a payment system operated by a Eurosystem central bank which includes a TARGET component system;
crypto-asset service provider
means a crypto-asset service provider as defined in Article 3(1), point (15), of Regulation (EU) 2023/1114;
end of the business day
means the cut-off time, as provided for in the rules of the relevant central bank operated payment system, for the settlement of cash transfer orders for that specific business day.
Eurosystem central bank
means the European Central Bank or a national central bank of a Member State whose currency is the euro;
safeguarding account
means a separate account in either a credit institution or, at the discretion of a Eurosystem central bank, in that central bank, that is opened by either:

eu/dec/2025/222