Settlement Finality Directive definition

Settlement Finality Directive means 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 (2);
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Settlement Finality Directive means the Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement system, as modified from time to time;
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Settlement Finality Directive. : means the Directive No. 98/26/EC of the European Parliament and Council of 19 May 1998 concerning the settlement finality in payment and securities settlement system, as supplemented and amended.
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Examples of Settlement Finality Directive in a sentence

  • The proprietary aspects, including the completion of the legal7 transfers of securities, are determined in accordance with the laws of the country that has notified8 the CSD that has opened the securities account to the European Commission in accordance with9 the procedures foreseen under Directive 98/26/EC (Settlement Finality Directive), as amended, or,10 in the case of a non-EEA country, thus where no notification to the European Commission is11 provided, the law of the country where the CSD is located.

  • As a securities settlement system within the meaning of the Settlement Finality Directive, LCH SA has only direct participants, being the Clearing Members.

  • The objective is to ensure that those financial instruments can be settled in a securities settlement system, as those described by the Settlement Finality Directive (SFD).

  • Article 2(a) provides for an exemption regarding payment systems designated under Directive 98/26/EC (Settlement Finality Directive, SFD).

  • Evaluation report on the Settlement Finality Directive 98/26/EC (EU 25), COM(2005)675 final/2 (‘SFD Evaluation Report’); Report from the Commission to the Council and the European Parliament.

  • A.2. Securities Settlement System Article 1.3.1.4LCH SA has been notified to the European Commission as a system pursuant to the Settlement Finality Directive.

  • To the Knowledge of Sellers, neither the Target Companies nor any of their respective Assets are subject to any Governmental Order relating specifically to the Target Companies or any of their Assets.

  • A.2. Securities Settlement System Article 1.3.1.3LCH SA has been notified to the European Commission as a system pursuant to the Settlement Finality Directive.

  • An additional EU legal act of relevance to certain aspects of cross-border insolvency is the Settlement Finality Directive, which is already in force and which contains certain provisions on applicable law and the protection from the effects of insolvency in relation to payment and securities settlement systems.

  • First Bank's Board of Directors has, by all appropriate action, approved this Agreement, Exhibit B, and the Subsidiary Merger and authorized the execution hereof and of Exhibit B on its behalf by its duly authorized officers and the performance by First Bank of its obligations hereunder and under Exhibit B.


More Definitions of Settlement Finality Directive

Settlement Finality Directive or “SFD” means 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, OJ L 166, 11.6.1998, p. 45–50.
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Settlement Finality Directive means Directive 98/26/EC of the European Par- liament and of the Council of 19 May 19981;
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Settlement Finality Directive means Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settle- ment systems, as amended from time to time
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Settlement Finality Directive means 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, as it applied in Gibraltar immediately before IP completion day;
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Settlement Finality Directive means Directive 98/26/EC of the European Parliament and of the Council of 19 May 199810 as amended by Directive 2009/44/EC of the European Parliament and of the Council of 6 May 200911, Directive 2010/78/EU of the European Parliament and of the Council of 24 November 2010 12, Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 201213, Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 201414 and Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 201915;”,
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Settlement Finality Directive means Directive 98/26/EC on the settlement finality in payment and securities settlement systems.
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Related to Settlement Finality Directive

  • CRD Directive means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (as amended from time to time, including by Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019).

  • Settlement Class Counsel means the law firm of Xxxxxx Xxxxxx Xxxxx Xxxxxxx LLP.

  • Corrective Action Plan has the meaning set forth in Section II.A.2.

  • Waste Framework Directive or “WFD” means Waste Framework Directive 2008/98/EC of the European Parliament and of the Council on waste

  • Appeal Committee means the appeal committee established by the Council in terms of section 12(3)(a);

  • UCITS Directive means Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as amended;

  • Corrective action means action taken to eliminate the cause of a potential or real non- conformity or other undesirable situation;

  • Quality Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.3 of Exhibit B to the ITP.