Designated Authority to notify opening of insolvency proceedings

In accordance with the terms of the law dated 10 November 2009 relating to payments services (the "Law"), the Banque centrale du Luxembourg is, as from 1 November 2009, the designated authority to notify insolvency proceedings relating to a Luxembourg participant to the other Members States' designated authorities.

 The Banque centrale du Luxembourg is, from 1 November 2009 on as well, the designated authority to receive from the Member States' designated authorities, notification of insolvency proceedings taken by the Member States' relevant authorities vis-à-vis a participant.

 The list of all Member States’ designated authorities (including Luxembourg’s) is published on the European Commission’s web site (www.ec.europa.eu).

 The Law implements Article 6.2 of the Settlement Finality Directive 98/26 relating to the designated authority to notify opening of insolvency proceedings.

 The Banque centrale du Luxembourg’s contact details are the following:

 

Banque centrale du Luxembourg

Département Surveillance Prudentielle

2, Bvd Royal

L-2983 Luxembourg

Facsimile: +352 4774 4970

Email: Oversight@bcl.lu

 

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