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public sector entity

    43(in accordance with Article 4(18) of the Banking Consolidation Directive (Definitions) and for the purposes of BIPRU115) any of the following:

      1. (a) non-commercial administrative bodies responsible to central governments, regional governments or local authorities; or
      1. (b) authorities that exercise the same responsibilities as regional and local authorities; or
      1. (c) non commercial undertakings owned by central governments that have explicit guarantee arrangements; or
      1. (d) self administered bodies governed by law that are under public supervision.