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Retour au sommaire ⬅️ | ➡️ Article 2 – Measures concerning professional clients
Article 1 - Definitions
For the purposes of this Regulation, the following definitions apply:
(a)
‘clearing member’ means an undertaking as defined in point (14) of 2012 of the European Parliament and of the Council;
(b)
‘exchange-traded fund (ETF)’ means a fund as defined in point (46) of EU of the European Parliament and of the Council;
(c)
‘execution of orders’ means ‘execution of orders on behalf of clients’ as defined in point (5) of EU;
(d)
‘retail client’ means a retail client as defined in point (11) of EU;
(e)
‘settlement instruction’ means a transfer order as defined in point (i) of Article 2 of Directive 98/26/EC of the European Parliament and of the Council;
(f)
‘trading party’ means a party acting as principal in a securities transaction referred to in point (c) of the first subparagraph of 2014;
(g)
‘trading venue member’ means a member of, or a participant to, a trading venue.