1. For the purposes of this Regulation, the following definitions apply:
(1) "investment firm" means an investment firm as defined in Article 4(1)(1) of Directive 2014/65/EU;
(2) "investment services and activities" means investment services and activities defined in Article 4(1)(2) of Directive 2014/65/EU;
(3) "ancillary services" means ancillary services as defined in Article 4(1)(3) of Directive 2014/65/EU;
(4) "execution of orders on behalf of clients" means execution on behalf of clients as defined in Article 4(1)(5) of Directive 2014/65/EU;
(5) "dealing on own account" means dealing on own account as defined in Article 4(1)(6) of Directive 2014/65/EU;
(6) "market maker" means a market maker as defined in Article 4(1)(7) of Directive 2014/65/EU;
(7) "client" means a client as defined in Article 4(1)(9) of Directive 2014/65/EU;
(8) "professional client" means a professional client as defined in Article 4(1)(10) of Directive 2014/65/EU;
(8a) "SME growth market" means an SME growth m
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