(3)For the same reasons, it is also appropriate for the Executive Board to delegate its decision-making powers concerning the termination of agreements with customers of TARGET-ECB to one Executive Board member and to enable the sub-delegation of those decision-making powers to senior management level where such agreements must be immediately terminated without prior notice due to the commencement of insolvency proceedings as referred to in Article 24(1) of Annex I to Decision (EU) 2022/911 (ECB/2022/22) and/or the TARGET participant no longer meets the access criteria laid down in Article 4 of Annex I to that Decision,
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