(1) In this section -
"client" means an investor who has, in connection with investment business, entrusted money or investment instruments to a branch established in the State by an investment firm in accordance with the provisions of the Markets in Financial Instruments Directive or in accordance with the provisions of Article 18 of Council Directive No. 89/646/EEC;
"competent authority", in relation to an investment firm, means a competent authority for the purposes of the Investor Compensation Directive in another Member State;
"eligible investor" means a client of an investment firm who is entitled to compensation in accordance with Article 2 and the first paragraph of Article 7.1 of the Investor Compensation Directive and who has made an application for compensation within the meaning of Article 2 of that Directive;
"investment business" has the same meaning as it has in the Investor Compensation Directive;
"investment firm" means an investment firm authorised in another Member S
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