(41)Entrusting the custody of assets to the operator of a securities settlement system as designated for the purposes of 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 12 or entrusting the provision of similar services to third-country securities settlement systems should not be considered to be a delegation of custody functions.
Recital 41
- 12 OJ L 166, 11.6.1998, p. 45 . ↩