For purposes of this Regulation, the following definitions apply:
(1) "trade repository" means a legal person that centrally collects and maintains the records of SFTs;
(2) "counterparties" means financial counterparties and non-financial counterparties;
(3) "financial counterparty" means: (a) an investment firm authorised in accordance with Directive 2014/65/EU of the European Parliament and of the Council [Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349).]; (b) a credit institution authorised in accordance with Directive 2013/36/EU of the European Parliament and of the Council [Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repeali
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