+13. Unless otherwise specified, terms used and defined in the legislative acts referred to in the …

13. Unless otherwise specified, terms used and defined in the legislative acts referred to in the …

Unless otherwise specified, terms used and defined in the legislative acts referred to in the scope of application have the same meaning in these Guidelines. In addition, for the purposes of these Guidelines, the following definitions apply:

  •  O
ManufacturerAn significantly which a) b) c) d)undertaking a a a an EMD,that designs (i.e. creates, develops, combines, or changes) products to be offered to consumers and is any of the following: credit institution as defined in point (1) of Article 4(1) of the CRR; creditor as defined in Article 4(2) of the MCD; payment institution as defined in Article 4(4) of the PSD; or electronic money institution as defined in Article 2(1) of the
 A1e)acreditor as defined in Article 3 point (2) of the CCD
 Oor inwhich thewould otherwise be a distributor but which is involved de facto design of the product.
Target marketThe designed,group or groups of end consumers for whom the product is as defined by the manufacturer.
DistributorA cludes signing toperson thewho offers and/or sells the product to consumers; this in-business units of manufacturers that are not involved in the de-the product but are responsible for bringing the product market.
ConsumerA trade,naturalperson, who is acting for purposes which are outside his business or profession.

Product

  •  A1
a)‘credit agreements’ as defined in Article 4(3) MCD and Article 3(3) of the CCD;
  •  O
Management bodyb) c) d) e) f) g) h) An with strategy, monitor effectively example,‘deposits’ as defined in Article 2(3) of Directive 2014/49/EU (“Deposit Guarantee Scheme Directive, (DGSD)“)4 ; ‘payment accounts’ as defined in Article 4(14) PSD; ‘payment services’ as defined in Article 4(3) PSD; ‘payment instruments' as defined in Article 4(23) PSD; other means of payment, as listed in Annex 1(5) CRD (e.g. travellers’ cheques and bankers’ drafts); ‘electronic money’ as defined in Article 2(2) EMD; other forms of credit for consumers, in addition to that included in (a), provided by the manufacturers listed above, in line with Article 1(5)(e) of the EBA Regulation. institution's body or bodies, which are appointed in accordance national law, which are empowered to set the institution's objectives and overall direction, and which oversee and management decision-making, and include the persons who direct the business of the institution, as defined, for in Article 3(7) CRD.
Senior managementThose stitution ment fined,natural persons who exercise executive functions within an in- and who are responsible, and accountable to the manage-body, for the day-to-day management of the institution, as de-for example, in Article 3(9) of CRD.

4 Deposits include all forms of deposits. Directive 2014/65/EU (the Markets for Financial Instruments Directive, (MiFID2)) has extended, in line with its Article 1(4), certain organisational and conduct of business rules to the subset of deposits called structured deposits, as defined in point (43) of Article 4(1) of MiFID 2. MiFID 2 product governance rules, including future delegated acts setting further specifications in relation to Article 16(3) and Article 24(2) of MiFID2, will apply to structured deposits as of 3 January 2017 and therefore these Guidelines will not apply in relation to them.

1. Преглед

,

1.1 Препратки

1.2 Идентифицирани изисквания

1.3 Свързани стандарти

2. Идентифицирани изисквания

Изисквания

3. Свързани стандарти

Стандарти
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