1. For the purposes of this Directive, the following definitions shall apply:
(1) "credit institution" means credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;
(2) "investment firm" means investment firm as defined in point (2) of Article 4(1) of Regulation (EU) No 575/2013;
(3) "institution" means institution as defined in point (3) of Article 4(1) of Regulation (EU) No 575/2013;
(4) [deleted]
(5) "insurance undertaking" means insurance undertaking as defined in point (5) of Article 4(1) of Regulation (EU) No 575/2013;
(6) "reinsurance undertaking" means reinsurance undertaking as defined in point (6) of Article 4(1) of Regulation (EU) No 575/2013;
(7) "management body" means an institution's body or bodies, which are appointed in accordance with national law, which are empowered to set the institution's strategy, objectives and overall direction, and which oversee and monitor management decision-making, and include the persons who effec
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