On 20 August 2018, the European Central Bank (ECB) published Guideline (EU) [2018/XX] of the European Central Bank of 3 August 2018 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2018/20). The guideline clarifies and amends aspects of ECB/2012/27 in light of the introduction of the TARGET instant payment settlement service in June 2017.

The guideline takes effect on the day of its notification to the national central banks of EU Member States whose currency is the Euro. The national central banks of these Member States must apply the guideline from 30 November 2018, and notify the ECB of the texts and means relating to those measures by 10 October 2018.