While Directive 98/26/EC of the European Parliament and of the Council [4] reduced the disruption to a securities settlement system caused by insolvency proceedings against a participant in that system, it is necessary to address other risks that securities settlement systems are facing, as well as the risk of insolvency or disruption in the functioning of the CSDs that operate securities settlement systems.
Cé gur laghdaíodh le Treoir 98/26/CE ó Pharlaimint na hEorpa agus ón gComhairle [4] de dheasca imeachtaí dócmhainneachta in aghaidh rannpháirtí sa chóras sin, is gá dul i ngleic le rioscaí eile atá le sárú ag córais socraíochta urrús, agus leis an riosca dócmhainneachta nó bristeachta i bhfeidhmiú TLUanna a oibríonn córais socraíochta urrús.