S.L. 345.19 Art. 2Definitions.

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

"the Acts" means the Financial Markets Act and the

Investment Services Act;

"Central competent authority" means the regulatory authority of the trading venue where the largest volume of trading takes place;

"agricultural commodity derivatives" means derivative contracts relating to products listed in:

(i) Article 1 of Regulation (EU) No 1308/2013 of the European Parliament and of the Council;

(ii) Parts I to XX and XXIV/1 of Annex I to the Treaties of the European Union; and

(iii) Annex I to Regulation (EU) No 1379/2013 of the European Parliament and of the Council;

"Directive 2009/65/EC" means Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provision relating to undertakings for collective investment in transferable securities (UCITS) as amended from time to time, and includes any implementing measures that have been or may be issued thereunder;

"Directive 2011/61/EC" means Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers, as amended from time to time, and includes any implementing measures that have been or may be issued thereunder;

"Directive 2009/138/EC" means Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II), as amended from time to time, and includes any implementing measures that have been or may be issued thereunder;

"Directive 2003/41/EC" means Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 on the activities and supervision of institutions for occupational retirement provision, as amended from time to time, and includes any implementing measures that have been or may be issued thereunder;

"Directive 2003/87/EC" means Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community, as amended from time to time, and includes any implementing measures that have been or may be issued thereunder;

"ESMA" means the European Securities and Markets Authority established by Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010;

"investment firm" means any legal person, other than persons to whom MiFID does not apply in terms of Article 2 of the said Directive, whose regular occupation or business is the provision of any one or more investment services to third parties on a professional basis;

"MiFID" means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU, as amended from time to time, and includes any implementing measures that have been or may be issued thereunder;

"MiFIR" means Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments, as amended from time to time;

"predominantly commercial group" means any group of which the main business is not the provision of investment services within the meaning of the First Schedule to the Investment Services Act, or the performance of any activity listed in Annex I to Directive 2013/ 36/EU as transposed in the First Schedule to the Banking Act, or acting as a market maker in relation to commodity derivatives;

"Regulation (EU) No 1095/2010" means Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), as amended from time to time; "Regulation (EU) No 1227/2011" means Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency, as amended from time to time;

"Regulation (EC) 713/2009" means Regulation (EC) No 713/ 2009 of the European Parliament and of the Council of 13 July 2009 establishing an Agency for the Cooperation of Energy Regulators, as amended from time to time.

(2) Words and expressions used in the Acts shall, in these regulations, have the same meaning as is assigned to them in the Acts.