the authority responsible for the oversight of the securities settlement system operated by the CSD in the Member State whose law applies to that securities settlement system;
an t-údarás a bheidh freagrach as maoirsiú a dhéanamh ar an gcóras socraíochta urrús a oibreoidh TLU sa Bhallstát ina mbeidh feidhm ag a dhlí maidir leis an gcóras socraíochta urrús sin;