(iv)
the execution and settlement of whose transactions takes place under the responsibility of a clearing institution and are guaranteed by that clearing institution.
← art_20__para_3__point_b__point_iii__text_1 · All articles · art_20__para_3__point_b__point_iv__text_1 →
Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.