Article 1 Definitions

For the purposes of this Regulation, the following definitions shall apply:

1. (1)

   "user", in relation to a securitisation repository, means any of the following:

   1. (a)

      any entity listed in Article 17(1) of Regulation (EU) 2017/2402;

   2. (b)

      any reporting entity in relation to that securitisation repository;

   3. (c)

      any other client of the securitisation repository who uses core securitisation services provided by the securitisation repository;

2. (2)

   "reporting entity" means the entity designated in accordance with the first subparagraph of Article 7(2) of Regulation (EU) 2017/2402;

3. (3)

   "core securitisation services" means services for which registration as a securitisation repository is required under Regulation (EU) 2017/2402;

4. (4)

   "ancillary securitisation services" means services provided by a securitisation repository that are directly related to and arise from the delivery of core securitisation services provided by that securitisation repository;

5. (5)

   "ancillary non-securitisation services" means services that are neither core securitisation services nor ancillary securitisation services;

6. (6)

   the following expressions have the meaning given to that expression in Article 2 of Regulation (EU) No 648/2012:

   1. (a)

      "group";

   2. (b)

      "parent undertaking";

   3. (c)

      "subsidiary";

   4. (d)

      "capital";

   5. (e)

      "close links";

   6. (f)

      "board";

7. (7)

   "senior management" means the person or persons who effectively direct the business of the securitisation repository, and the executive member or members of its board.