securities settlement system
Definitions over time (1)
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17/09/2014 – 01/07/2016 Article 2, Regulation (EU) No 909/2014 (CSDR) Scope: Whole act
1. For the purposes of this Regulation, the following definitions apply:
‘securities settlement system’ means a system under the first, second and third indents of point (a) of Article 2 of Directive 98/26/EC that is not operated by a central counterparty whose activity consists of the execution of transfer orders;
Other definitions of this term in this act (1)
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