Version in force , Modified +570 −10§
Amended by Regulation (EU) 2021/23 32021R0023 on EUR-Lex (external, EUR-Lex)
dates added to the text: 2020-12-16, 2021-01-22
Explanation, written by a model and checked against the cited text
A new point (iv) has been added to the definition of competent authorities in Article 4(1)(3), covering a resolution authority as defined in point (3) of Article 2 of Regulation (EU) 2021/23 with regard to that Regulation.
Point (iii), which addresses bodies administering national investor compensation schemes or the public authority supervising them, is unchanged in substance apart from the punctuation needed to accommodate the new point that follows it.
Cited: Art. 4, v2 (external, EUR-Lex) · Art. 4, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 1 January 2020 02010R1095-20200101 → this version, in force 12 August 2022 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 Council
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)., a resolution authority as defined in point (3) of Article 2 of that Regulation.