Updated 09/01/2025
In force

Version from: 30/12/2024
Amendments (2)
There is currently no Level 2 legal act based on or specifying Article 4.

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 ( 10 ), a resolution authority as defined in point (3) of Article 2 of that Regulation.


( 10 ) 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).