Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Directive (EU) 2015/2366 | Statement: [German Payment Services Supervision Act, basedOn, Directive (EU) 2015/2366]

Target entity: Directive (EU) 2015/2366
Context triple: [German Payment Services Supervision Act, basedOn, Directive (EU) 2015/2366]

• A. Directive (EU) 2016/2341
  Directive (EU) 2016/2341, known as the IORP II Directive, is an EU legislative act that sets prudential, governance, and information requirements for institutions for occupational retirement provision across the European Union.
• B. Directive (EU) 2019/1024
  Directive (EU) 2019/1024 is a European Union law that modernizes and expands rules on the open use and re-use of public sector and publicly funded data, forming the core of the EU’s Open Data Directive framework.
• C. Regulation (EU) 2015/2219
  Regulation (EU) 2015/2219 is the EU legislative act that establishes and governs the mandate, structure, and functioning of the European Union Agency for Law Enforcement Training (CEPOL).
• D. Directive 2013/37/EU
  Directive 2013/37/EU is a European Union law that updated and expanded the rules on the re-use of public sector information to promote transparency, innovation, and economic activity across the EU.
• E. Regulation (EU) 2018/1725
  Regulation (EU) 2018/1725 is the EU law that sets out data protection rules for EU institutions, bodies, offices and agencies, aligning them with the General Data Protection Regulation (GDPR).
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: Directive (EU) 2015/2366
Triple: [German Payment Services Supervision Act, basedOn, Directive (EU) 2015/2366]

Directive (EU) 2015/2366, commonly known as the revised Payment Services Directive (PSD2), is an EU law that modernizes and harmonizes payment services regulation across the European Union, promoting competition, innovation, and consumer protection in electronic payments.

Target entity: Directive (EU) 2015/2366
Target entity description: Directive (EU) 2015/2366, commonly known as the revised Payment Services Directive (PSD2), is an EU law that modernizes and harmonizes payment services regulation across the European Union, promoting competition, innovation, and consumer protection in electronic payments.

• A. Directive (EU) 2016/2341
  Directive (EU) 2016/2341, known as the IORP II Directive, is an EU legislative act that sets prudential, governance, and information requirements for institutions for occupational retirement provision across the European Union.
• B. Directive (EU) 2019/1024
  Directive (EU) 2019/1024 is a European Union law that modernizes and expands rules on the open use and re-use of public sector and publicly funded data, forming the core of the EU’s Open Data Directive framework.
• C. Regulation (EU) 2015/2219
  Regulation (EU) 2015/2219 is the EU legislative act that establishes and governs the mandate, structure, and functioning of the European Union Agency for Law Enforcement Training (CEPOL).
• D. Directive 2013/37/EU
  Directive 2013/37/EU is a European Union law that updated and expanded the rules on the re-use of public sector information to promote transparency, innovation, and economic activity across the EU.
• E. Regulation (EU) 2018/1725
  Regulation (EU) 2018/1725 is the EU law that sets out data protection rules for EU institutions, bodies, offices and agencies, aligning them with the General Data Protection Regulation (GDPR).
• F. None of above. chosen