For the purposes of this Regulation the following definitions apply:
(1) "financial market participant" means any person in relation to whom a requirement in the legislation referred to in Article 1(2) or a national law implementing such legislation applies;
(2) "key financial market participant" means a financial market participant whose regular activity or financial viability has or is likely to have a significant effect on the stability, integrity or efficiency of the financial markets in the Union;
(3) "competent authorities" means: (i) competent authorities and/or supervisory authorities as defined in the legislation referred to in Article 1(2); (ii) with regard to Directive 2002/65/EC, the authorities and bodies competent for ensuring compliance with the requirements of that Directive by firms providing investment services and by collective investment undertakings marketing their units or shares; (iii) with regard to investor compensation schemes, bodies which administer
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