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Important payment systems' ECB oversight rules formally issued

( July 14, 2025, 09:27 GMT | Official Statement) -- MLex Summary: Revised European Central Bank rules on the oversight requirements for systemically important payment systems, or SIPS, were published today in the EU’s official journal. The Eurosystem’s oversight framework distinguishes between SIPS and non-SIPS based on criteria such as size, market share, cross-border activity, and the provision of settlement services to other financial market infrastructures. The updated regulation outlines the process and criteria for designating a payment system as a SIPS and sets out oversight requirements for system operators.Document attached....

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