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German
Portuguese
The
same
rule
shall
apply
to
the
ancillary
systems
that
have
not
been
designated
under
Directive
98/26/EC
,
in
which
case
the
ancillary
systems
shall
be
identified
by
reference
to
the
following
criteria:
(a) a
formal
arrangement
,
based
on
a
contractual
or
legislative
instrument
, e.g.
an
agreement
among
the
participants
and
the
system
operator
; (b)
multiple
membership
; (c)
common
rules
and
standardised
arrangements
; (d)
for
the
clearing
,
netting
or
settlement
of
payments
or
securities
between
the
participants
.". [EU]
The
same
rule
shall
apply
to
the
ancillary
systems
that
have
not
been
designated
under
Directive
98/26/EC
,
in
which
case
the
ancillary
systems
shall
be
identified
by
reference
to
the
following
criteria:
(a) a
formal
arrangement
,
based
on
a
contractual
or
legislative
instrument
, e.g.
an
agreement
among
the
participants
and
the
system
operator
; (b)
multiple
membership
; (c)
common
rules
and
standardised
arrangements
; (d)
for
the
clearing
,
netting
or
settlement
of
payments
or
securities
between
the
participants
.».
Sentences marked by [EU] derived from
DGT Multilingual Translation Memory
. The European Commission retains ownership of the copyright in the original data.
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