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