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)


    2. (b)

      "parent undertaking";

    3. (c)


    4. (d)


    5. (e)

      "close links";

    6. (f)


  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.