Open on EUR-Lex ↗
◷
New version applies from 01/01/2020 — introduced by Regulation (EU) 2019/2175. 140 provisions change. Later versions: 12/08/2022, 30/12/2024, 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 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 Directives 2002/65/EC and 2005/60/EC, the authorities competent for ensuring compliance with the requirements of those Directives 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.

Official text · consolidated version 23/05/2014 (no longer in force) Open full page ↗
12 queries · page built in 18 msInventory f82bbfa3