Commission Delegated Regulation (EU) 2020/1230 Article 1: Definitions

Article 1 - Definitions

Article 1

Definitions

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For the purposes of this Regulation, the following definitions shall apply:

((1))

‘user’, in relation to a securitisation repository, means any of the following:

((a))

any entity listed in Article 17(1) of Regulation (EU) 2017/2402;

((b))

any reporting entity in relation to that securitisation repository;

((c))

any other client of the securitisation repository who uses core securitisation services provided by the securitisation repository;

((2))

‘reporting entity’ means the entity designated in accordance with the first subparagraph of Article 7(2) of Regulation (EU) 2017/2402;

((3))

‘core securitisation services’ means services for which registration as a securitisation repository is required under Regulation (EU) 2017/2402;

((4))

‘ancillary securitisation services’ means services provided by a securitisation repository that are directly related to and arise from the delivery of core securitisation services provided by that securitisation repository;

((5))

‘ancillary non-securitisation services’ means services that are neither core securitisation services nor ancillary securitisation services;

((6))

the following expressions have the meaning given to that expression in Article 2 of Regulation (EU) No 648/2012:

((a))

‘group’;

((b))

‘parent undertaking’;

((c))

‘subsidiary’;

((d))

‘capital’;

((e))

‘close links’;

((f))

‘board’;

((7))

‘senior management’ means the person or persons who effectively direct the business of the securitisation repository, and the executive member or members of its board.