and ( ii ) payments through TARGET between accounts held at the ECB and at the NCBs , --- « interlinking » shall mean the technical infrastructures , design features and procedures which are put in place within , or constitute adaptations of , each national RTGS system and the ECB payment mechanism for the purpose of processing cross-border payments within TARGET , --- « non-participating Member States » shall mean the Member States which have not adopted the single currency in accordance with the Treaty , --- « EEA » shall mean the European Economic Area as defined in the Agreement on the European Economic Area concluded on 2 May 1992 between the European Community and its Member States and the Member States of the European Free Trade Association ( 1 ) , --- « participants » or « direct participants » shall mean the entities which have direct access to a national RTGS system and have an RTGS account with the NCB concerned ( or , in the case of the ECB payment mechanism , with the ECB ) and shall include such NCB or the ECB , whether in its capacity as settlement agent or otherwise , --- « public sector body » shall mean an entity within the « public sector » as defined in Article 3 of Council Regulation ( EC ) No 3603/93 of 13 December 1993 specifying definitions for the application of the prohibitions referred to in Articles 104 and 104b ( 1 ) of the Treaty ( 2 ) , --- « investment firm » shall mean an investment firm as defined in Article 4 ( 1 )( 1 ) of Directive 2004/39 / EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611 / EEC and 93/6 / EEC and Directive 2000/12 / EC of the European Parliament and of the Council and repealing Council Directive 93/22 / EEC ( 3 ) with the exclusion of the entities mentioned in Article 2 ( 1 ) of Directive 2004/39 / EC , provided that the investment firm in question is entitled to carry out the activities referred to under items 2 , 3 , 6 and 7 of Section A of Annex I to Directive 2004/39 / EC , --- « RTGS rules » shall mean the regulations and / or contractual provisions which apply to a national RTGS system , --- « Eurosystem » shall mean the ECB and the national central banks of the Member States which have adopted the single currency in accordance with the Treaty , ( 1 ) OJ L 1 , 3.1.1994 , p. 3 .
aasta direktiivi 2004/39 / EÜ ( finantsinstrumentide turgude kohta , millega muudetakse nõukogu direktiive 85/611 / EMÜ ja 93/6 / EMÜ ning Euroopa Parlamendi ja nõukogu direktiivi 2000/12 / EÜ ning tunnistatakse kehtetuks nõukogu direktiiv 93/22 / EMÜ ) ( 3 ) artikli 4 lõike 1 punktis 1 , välja arvatud direktiivi 2004/39 / EÜ artikli 2 lõikes 1 osutatud üksused , tingimusel et asjaomasel investeerimisühingul on õigus teha direktiivi 2004/39 / EÜ I lisa A jao punktides 2 , 3 , 6 ja 7 osutatud toiminguid , --- kaudne osaleja -- asutus , kellel ei ole oma reaalajaliste brutoarvelduste kontot , kuid keda riigi reaalajalises brutoarveldussüsteemis sellegipoolest tunnustatakse ja kelle suhtes kohaldatakse reaalajaliste brutoarvelduste reegleid ning kelle poole on võimalik TARGETi kaudu vahetult pöörduda ; kõik kaudse osaleja tehingud arveldatakse seda kaudset osalejat esindama nõustunud ( käesolevas artiklis määratletud ) osaleja kontol , --- kaugosaleja -- EMP riigis asutatud asutus , kes osaleb vahetult ( teise ) ELi liikmesriigi (" vastuvõtva liikmesriigi ") reaalajalises brutoarveldussüsteemis ning kellel on seetõttu olemas tema nimele avatud reaalajaliste brutoarvelduste eurokonto vastuvõtva liikmesriigi keskpangas , ilma et ta peaks asutama vastuvõtvas liikmesriigis filiaali , kusjuures mõiste « filiaal » vastab määratlusele Euroopa Parlamendi ja nõukogu 20 .