Definitions
On this provision: 15 guidelines
Amendment details· last amended 31 Dec 2025
Last amended 31 Dec 2025 by Regulation (EU) 2024/1620 of 31 May 2024 establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and.
For the purposes of this Regulation the following definitions apply:
‘financial institution’ means any undertaking that is subject to regulation and supervision pursuant to any of the legislative acts referred to in Article 1(2);
‘competent authorities’ means:
competent authorities as defined in point (40) of Article 4(1) of Regulation (EU) No 575/2013, including the European Central Bank with regard to matters relating to the tasks conferred on it by Regulation (EU) No 1024/2013;
with regard to Directive 2002/65/EC (opens EUR-Lex in a new tab), the authorities and bodies competent for ensuring compliance with the requirements of that Directive by financial institutions;
with regard to deposit guarantee schemes, bodies which administer deposit guarantee schemes pursuant to Directive 2014/49/EU or, where the operation of the deposit guarantee scheme is administered by a private company, the public authority supervising those schemes pursuant to that Directive, and relevant administrative authorities as referred to in that Directive;
with regard to Directive 2014/59/EU of the European Parliament and of the Council ((11)) and to Regulation (EU) No 806/2014 of the European Parliament and of the Council ((12)), the resolution authorities designated in accordance with Article 3 of Directive 2014/59/EU, the Single Resolution Board established by Regulation (EU) No 806/2014, and the Council and the Commission when taking actions under Article 18 of Regulation (EU) No 806/2014, except where they exercise discretionary powers or make policy choices;
‘competent authorities’ as referred to in Directive 2014/17/EU (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((13)), in Regulation (EU) 2015/751 (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((14)), in Directive (EU) 2015/2366 (opens EUR-Lex in a new tab), in Directive 2009/110/EC (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((15)), and in Regulation (EU) No 260/2012 (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((16));
‘bodies and authorities’ as referred to in Article 20 (opens EUR-Lex in a new tab) of Directive 2008/48/EC (opens EUR-Lex in a new tab);
with regard to Regulation (EU) 2019/2033 (opens EUR-Lex in a new tab) of the European Parliament and of the Council ((17)) and Directive (EU) 2019/2034 (opens EUR-Lex in a new tab)of the European Parliament and of the Council ((18)), competent authorities as defined in point (5) (opens EUR-Lex in a new tab) of Article 3(1) (opens EUR-Lex in a new tab) of that Directive.