For the purposes of this Regulation the following definitions apply:
(1) "financial institutions" means undertakings, entities and natural and legal persons subject to any of the legislative acts referred to in Article 1(2). With regard to Directive 2005/60/EC, 'financial institutions' means only insurance undertakings and insurance intermediaries as defined in that Directive;
(2) "competent authorities" means: (i) supervisory authorities as defined in Directive 2009/138/EC, and competent authorities as defined in Directive 2003/41/EC and 2002/92/EC; (ii) with regard to Directive 2002/65/EC, the authorities and bodies competent for ensuring compliance with the requirements of that Directive by financial institutions.