Commission Delegated Regulation (EU) 2024/1506 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))

‘financial institution’ means any of the following:

((a))

a credit institution;

((b))

an investment firm;

((c))

an electronic money institution;

((d))

a payment institution;

((e))

a UCITS management company;

((f))

an alternative investment fund manager;

((g))

an insurance undertaking as defined in Article 13, point (1), of Directive 2009/138/EC of the European Parliament and of the Council ²;

((h))

a reinsurance undertaking as defined in Article 13, point (4), of Directive 2009/138/EC;

((i))

an institution for occupational retirement provision as defined in Article 6, point (1), of Directive (EU) 2016/2341 of the European Parliament and of the Council ³;

((2))

‘relevant period’ means the period referred to in Article 43(2), point (a), of Regulation (EU) 2023/1114, or the period referred to in Article 43(2), point (b), of that Regulation.

2 Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) ( OJ L 335, 17.12.2009, p. 1 , ELI: http://data.europa.eu/eli/dir/2009/138/oj ). ↩

3 Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs) ( OJ L 354, 23.12.2016, p. 37 , ELI: http://data.europa.eu/eli/dir/2016/2341/oj ). ↩