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New version applies from 01/01/2020 — introduced by Regulation (EU) 2019/2175. 140 provisions change. Later versions: 01/07/2025, 10/11/2025. Article 4 changes in this version: compare with the current text.

Article 4 - Definitions

Article 4
Definitions

For the purposes of this Regulation the following definitions apply:

(1)

‘financial institutions’ means undertakings, entities and natural and legal persons subject to any of the legislative acts referred to in Article 1(2). With regard to Directive 2005/60/EC, ‘financial institutions’ means only insurance undertakings and insurance intermediaries as defined in that Directive;

(2)

‘competent authorities’ means:

(i)

supervisory authorities as defined in Directive 2009/138/EC, and competent authorities as defined in Directive 2003/41/EC and 2002/92/EC;

(ii)

with regard to Directives 2002/65/EC and 2005/60/EC, the authorities competent for ensuring compliance with the requirements of those Directives by financial institutions as defined in point (1).

Official text · consolidated version 23/05/2014 (no longer in force) Open full page ↗
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