{
  "url": "https://openlegislation.uk/eu-directive-1998-26/article-1",
  "json_url": "https://openlegislation.uk/eu-directive-1998-26/article-1.json",
  "legislation": "eudr/1998/26",
  "legislation_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",
  "legislation_url": "https://openlegislation.uk/eu-directive-1998-26",
  "path": "article/1",
  "kind": "article",
  "number": "1",
  "heading": null,
  "text": "The provisions of this Directive shall apply to:\n(a) any system as defined in Article 2(a), governed by the law of a Member State and operating in any currency, the euro or in various currencies which the system converts one against another;\n(b) any participant in such a system;\n(c) collateral security provided in connection with:\nparticipation in a system, or\noperations of the central banks of the Member States or the European Central Bank in the context of their function as central banks.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Substituted by Directive 2009/44/EC of the European Parliament and of the Council of 6 May 2009 amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims (Text with EEA relevance)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/1998/26/article/1",
    "retrieved_at": "2026-11-01T15:23:07.730666+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}