Article 6 1.

credit institutions authorised in accordance with Directive 2013/36/EU of the European Parliament and of the Council ( 3 );

insurance undertakings authorised in accordance with Directive 2009/138/EC of the European Parliament and of the Council ( 4 ), engaged in direct life insurance according to Article 2(3) of Directive 2009/138/EC and Annex II to that Directive;

institutions for occupational retirement provision (IORPs) authorised or registered in accordance with Directive (EU) 2016/2341 which, pursuant to national law, are authorised and supervised to provide also personal pension products. In that case, all assets and liabilities corresponding to PEPP provision business shall be ring-fenced, without any possibility to transfer them to the other retirement provision business of the institution;

investment firms authorised in accordance with Directive 2014/65/EU, providing portfolio management;

investment companies or management companies authorised in accordance with Directive 2009/65/EC;

EU alternative investment fund managers (EU AIFM) authorised in accordance with Directive 2011/61/EU.