Definitions

Unless otherwise specified, terms used in the following sectoral legislation have the same meaning in these guidelines:

• a. the Markets in Financial Instruments Directive (MiFID);
• b. the Alternative Investment Fund Manager Directive (AIFMD);
• c. the Undertakings for collective investment in transferable securities (UCITS Directive);
• d. the Capital Requirements Directive (CRD) and Capital Requirements Regulation (CRR);
• e. the Payment Services Directive (PSD);
• f. the E-Money Directive (EMD); and