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Retour au sommaire ⬅️ | ➡️ Article 2 – Requirements for the provision of indirect clearing services by clients
Article 1 - Definitions
For the purposes of this Regulation the following definitions apply:
(a)
‘client’ means a client as defined in 2012;
(b)
‘indirect client’ means a client of a client as defined in point (a);
(c)
‘indirect clearing arrangements’ means the set of contractual relationships between providers and recipients of indirect clearing services provided by a client, an indirect client or a second indirect client;
(d)
‘second indirect client’ means a client of an indirect client as defined in point (b);
(e)
‘third indirect client’ means a client of a second indirect client as defined in point (d).