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Directive 98/26/EC of the European Parliament and of the CouncilShow full title
Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems
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- Revised 27/06/20190.22 MB
- Revised 17/09/20140.17 MB
- Revised 16/08/20120.17 MB
- Revised 04/01/20110.18 MB
- Revised 30/06/20090.06 MB
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Article 1
The provisions of this Directive shall apply to:
(a)
any system as defined in Article 2(a), governed by the law of a Member State and operating in any currency, the ecu or in various currencies which the system converts one against another,
(b)
any participant in such a system;
(c)
collateral security provided in connection with:
participation in a system, or
operations of the central banks of the Member States in their functions as central banks.
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