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 2014/65/EU | Statement: [Markets in Financial Instruments Directive II, legalBasis, Directive 2014/65/EU]

Target entity: Directive 2014/65/EU
Context triple: [Markets in Financial Instruments Directive II, legalBasis, Directive 2014/65/EU]

• A. Directive 2014/34/EU
  Directive 2014/34/EU is a European Union law that harmonizes safety requirements for equipment and protective systems intended for use in potentially explosive atmospheres (ATEX) within the EU internal market.
• B. 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.
• C. Directive 2010/53/EU
  Directive 2010/53/EU is a European Union law that sets common standards for the quality and safety of human organs intended for transplantation across EU member states.
• D. Directive 2007/64/EC
  Directive 2007/64/EC is a European Union directive that established a harmonized legal framework for payment services within the EU, promoting competition, transparency, and consumer protection in the payments market.
• E. Directive 2013/36/EU
  Directive 2013/36/EU is a key European Union legislative act that sets prudential rules and supervisory standards for credit institutions and investment firms as part of the EU’s post-crisis banking regulation framework.
• 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 2014/65/EU
Triple: [Markets in Financial Instruments Directive II, legalBasis, Directive 2014/65/EU]

Directive 2014/65/EU is a key European Union legislative act that overhauls and strengthens the regulatory framework for investment services and financial markets, commonly known as MiFID II.

Target entity: Directive 2014/65/EU
Target entity description: Directive 2014/65/EU is a key European Union legislative act that overhauls and strengthens the regulatory framework for investment services and financial markets, commonly known as MiFID II.

• A. Directive 2014/34/EU
  Directive 2014/34/EU is a European Union law that harmonizes safety requirements for equipment and protective systems intended for use in potentially explosive atmospheres (ATEX) within the EU internal market.
• B. 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.
• C. Directive 2010/53/EU
  Directive 2010/53/EU is a European Union law that sets common standards for the quality and safety of human organs intended for transplantation across EU member states.
• D. Directive 2007/64/EC
  Directive 2007/64/EC is a European Union directive that established a harmonized legal framework for payment services within the EU, promoting competition, transparency, and consumer protection in the payments market.
• E. Directive 2013/36/EU
  Directive 2013/36/EU is a key European Union legislative act that sets prudential rules and supervisory standards for credit institutions and investment firms as part of the EU’s post-crisis banking regulation framework.
• F. None of above. chosen