# 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 8

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

In the event of insolvency proceedings being opened against a participant in a system, the rights and obligations arising from, or in connection with, the participation of that participant shall be determined by the law governing that system.

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Source: https://www.legislation.gov.uk/eudr/1998/26/article/8 (the official version)
Page: https://openlegislation.uk/eu-directive-1998-26/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.