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 2014/49/EU on Deposit Guarantee Schemes | Statement: [European Deposit Insurance Scheme, relatedTo, Directive 2014/49/EU on Deposit Guarantee Schemes]

Target entity: Directive 2014/49/EU on Deposit Guarantee Schemes
Context triple: [European Deposit Insurance Scheme, relatedTo, Directive 2014/49/EU on Deposit Guarantee Schemes]

• A. European Deposit Insurance Scheme (proposed)
  The proposed European Deposit Insurance Scheme is an EU-level framework intended to provide common protection for bank deposits across participating member states as part of completing the Banking Union.
• B. Solvency II Directive
  The Solvency II Directive is a European Union regulatory framework that sets risk-based capital, governance, and reporting requirements for insurance and reinsurance companies operating in the EU.
• C. 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.
• D. 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.
• E. EU Capital Requirements Directive
  The EU Capital Requirements Directive is a key piece of European Union financial regulation that sets prudential rules and minimum capital standards for banks and other credit institutions to ensure stability and reduce systemic risk in the financial system.
• 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 2014/49/EU on Deposit Guarantee Schemes
Triple: [European Deposit Insurance Scheme, relatedTo, Directive 2014/49/EU on Deposit Guarantee Schemes]

Directive 2014/49/EU on Deposit Guarantee Schemes is an EU law that harmonizes rules for protecting bank deposits across member states by setting common standards for deposit guarantee schemes.

Target entity: Directive 2014/49/EU on Deposit Guarantee Schemes
Target entity description: Directive 2014/49/EU on Deposit Guarantee Schemes is an EU law that harmonizes rules for protecting bank deposits across member states by setting common standards for deposit guarantee schemes.

• A. European Deposit Insurance Scheme (proposed)
  The proposed European Deposit Insurance Scheme is an EU-level framework intended to provide common protection for bank deposits across participating member states as part of completing the Banking Union.
• B. Solvency II Directive
  The Solvency II Directive is a European Union regulatory framework that sets risk-based capital, governance, and reporting requirements for insurance and reinsurance companies operating in the EU.
• C. 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.
• D. 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.
• E. EU Capital Requirements Directive
  The EU Capital Requirements Directive is a key piece of European Union financial regulation that sets prudential rules and minimum capital standards for banks and other credit institutions to ensure stability and reduce systemic risk in the financial system.
• F. None of above. chosen