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
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community, and in particular Article 100a thereof,
Having regard to the proposal from the Commission 1,
Having regard to the opinion of the European Monetary Institute 2,
Having regard to the opinion of the Economic and Social Committee 3,
Acting in accordance with the procedure laid down in Article 189b of the Treaty 4,
HAVE ADOPTED THIS DIRECTIVE: