13. In this Part—
“designating authority” has the same meaning as in the 1999 Regulations;
“Settlement Finality Directive” means 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(1) as it has effect in EU law as amended from time to time;
“system” has the same meaning as in the 1999 Regulations;
“temporary designation” in respect of a system means that such system is taken to be the subject of a designation order under regulation 4(1) of the 1999 Regulations;
“temporary designation period” means the period determined by regulation 18.
OJ L 166, 11.6.1998, p. 45–50