Contents
Article 1Delegation and sub-delegation of decision-making powers#
1.The Executive Board hereby delegates to the member of the Executive Board responsible for market infrastructure and payments the decision-making powers to approve the termination of, and amendments to, agreements with customers of the TARGET-ECB component system (TARGET-ECB) on behalf of the ECB, in accordance with Article 2.
2.The Executive Board hereby authorises the member of the Executive Board responsible for market infrastructure and payments to sub-delegate the decision-making powers referred to in paragraph 1 to the Director-General, or in their absence the Deputy Director-General, Market Infrastructure and Payments.
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