1. This Regulation applies to:
(a) a counterparty to an SFT that is established:
(i) in the Union, including all its branches irrespective of where they are located;
(ii) in a third country, if the SFT is concluded in the course of the operations of a branch in the Union of that counterparty;
(b) management companies of undertakings for collective investment in transferable securities (UCITS) and UCITS investment companies in accordance with Directive 2009/65/EC;
(c) managers of alternative investment funds (AIFMs) authorised in accordance with Directive 2011/61/EU;
(d) a counterparty engaging in reuse that is established:
(i) in the Union, including all its branches irrespective of where they are located;
(ii) in a third country, where either:
- the reuse is effected in the course of the operations of a branch in the Union of that counterparty, or
- the reuse concerns financial instruments provided under a collateral arrangement by a counterparty established in the Union or a bran
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