in force 2022-08-12 MODIFIED+569 −10§
Amended by Regulation (EU) 2021/23 32021R0023
applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)
dates added to the text: 2020-12-16, 2021-01-22
The definition of competent authorities in point (3) now includes a new subpoint (iv) covering resolution authorities as defined under Regulation (EU) 2021/23 on central counterparty recovery and resolution, referencing point (3) of Article 2 of that Regulation.
Point (3)(iii) on investor compensation schemes ends with a semicolon in the amended text rather than a full stop, reflecting the addition of the new subpoint that follows it.
Cited: Art. 4, v2 · Art. 4, v1
text before / after
02010R1095-20200101 → 02010R1095-20220812
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. Directive;
(iv) with regard to Regulation (EU) 2021/23 of the European Parliament and of the CouncilRegulation (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)., a resolution authority as defined in point (3) of Article 2 of that Regulation.