S.L. 345.4 чл. 2Interpretation.

(1) In these regulations, unless the context otherwise requires:

"Act" means the Financial Markets Act;

"applicant" means a person who has submitted an application to the competent authority to become authorized as a regulated market or market operator; "DORA Regulation" means Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/ 2014, (EU) No 909/2014 and (EU) 2016/1011, as may be amended from time to time, and includes any implementing measures that have been or may be issued thereunder; "European regulated market" means a regulated market as defined in Article 4(1)(21) of MiFID authorised by its European regulatory authority within the meaning of Article 44 of MiFID; "market operator" means a person or persons who manages and, or operates the business of a regulated market and may be the regulated market itself;

"MiFID" means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, as amended from time to time, and includes any implementing measures that have been or may be issued thereunder;

"Regulation (EU) No 596/2014" means Regulation (EU) No 596/ 2014 of the European Parliament and of the Council of 16 April 2014 on market abuse as amended from time to time, and includes S.L.345.04 (AUTHORISATION REQUIREMENTS)

any implementing measures that have been or may be issued thereunder; "Regulation (EU) No 600/2014" means Regulation (EU) No 600/ 2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012; "the Schedule" means the Schedule to these regulations.

"senior management" means natural persons who exercise executive functions within an investment firm, a market operator, or a data reporting services provider as defined in point (36a) of Article 2(1) of Regulation (EU) No 600/2014, and who are responsible and accountable to the management body for the day-to-day management of the entity, including for the implementation of the policies concerning the distribution of services and products to clients by the firm and its personnel.

(2) Words and expressions which are also used in the Act shall have the same meaning as in the Act.