# 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, Article 1

Extent: E+W+S+N.I.

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 euro 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 or the European Central Bank in the context of their function as central banks.

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Source: https://www.legislation.gov.uk/eudr/1998/26/article/1 (the official version)
Page: https://openlegislation.uk/eu-directive-1998-26/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.