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 DirectivesDirective 2002/65/EC and 2005/60/EC,2002/65/EC, the authorities and bodies competent for ensuring compliance with the requirements of thosethat DirectivesDirective 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.