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Article 4 - Definitions

Article 4
Definitions

For the purposes of this Regulation the following definitions apply:

(1)

‘financial market participant’ means any person in relation to whom a requirement in the legislation referred to in Article 1(2) or a national law implementing such legislation applies;

(2)

‘key financial market participant’ means a financial market participant whose regular activity or financial viability has or is likely to have a significant effect on the stability, integrity or efficiency of the financial markets in the Union;

(3)

‘competent authorities’ means:

(i)

competent authorities and/or supervisory authorities as defined in the legislation referred to in Article 1(2);

(ii)

with regard to Directive 2002/65/EC, the authorities and bodies competent for ensuring compliance with the requirements of that Directive by firms providing investment services and by collective investment undertakings marketing their units or shares;

(iii)

with regard to investor compensation schemes, bodies which administer national compensation schemes pursuant to Directive 97/9/EC, or in the case where the operation of the investor compensation scheme is administered by a private company, the public authority supervising those schemes pursuant to that Directive;

(iv)

with regard to Regulation (EU) 2021/23 of the European Parliament and of the Council 9, a resolution authority as defined in point (3) of Article 2 of that Regulation.

  1. 9 Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132 (OJ L 022, 22.1.2021, p. 1). ↩
Official text · consolidated version 10/11/2025 (in force) Open full page ↗
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