Version in force , Modified +58 −90§
Amended by Regulation (EU) 2019/2175 32019R2175 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
Point (2)(ii) no longer refers to Directive 2005/60/EC, mentioning only Directive 2002/65/EC.
The phrase describing who is competent changed from 'the authorities competent for ensuring compliance' to 'the authorities and bodies competent for ensuring compliance', and the reference to financial institutions dropped the words 'as defined in point (1)'.
Cited: Art. 4, v1 (external, EUR-Lex) · Art. 4, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 23 May 2014 02010R1094-20140523 → this version, in force 1 January 2020 02010R1094-20200101
Article 4
Definitions
For the purposes of this Regulation the following definitions apply:
(1) financial institutions means undertakings, entities and natural and legal persons subject to any of the legislative acts referred to in Article 1(2). With regard to Directive 2005/60/EC, financial institutions means only insurance undertakings and insurance intermediaries as defined in that Directive;
(2) competent authorities means:
(i) supervisory authorities as defined in Directive 2009/138/EC, and competent authorities as defined in Directive 2003/41/EC and 2002/92/EC;
(ii) with regard to Directives 2002/65/EC and 2005/60/EC, Directive 2002/65/EC, the authorities and bodies competent for ensuring compliance with the requirements of those Directives that Directive by financial institutions as defined in point (1). institutions.