credit institution — a credit institution as defined in point 1 of Article 4(1) of Regulation (EU) No 575/2013 (3)

financial conglomerate — a financial conglomerate as defined in point 14 of Article 2 of Directive 2002/87/EC (6)

financial holding company — a financial holding company as defined in point 20 of Article 4(1) of Regulation (EU) No 575/2013 (4)

mixed financial holding company — a mixed financial holding company as defined in point 15 of Article 2 of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate OJ L 35, 11.2.2003, p. 1. (5)

national competent authority — a national competent authority designated by a participating Member State in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms OJ L 176, 27.6.2013, p. 1. and Directive 2013/36/EU (2)

national designated authority — a designated authority of a participating Member State, within the meaning of the relevant Union law (7)

participating Member State — a Member State whose currency is the euro or a Member State whose currency is not the euro which has established a close cooperation in accordance with Article 7 (1)

qualifying holding — a qualifying holding as defined in point 36 of Article 4(1) of Regulation (EU) No 575/2013 (8)

Single supervisory mechanism — the system of financial supervision composed by the ECB and national competent authorities of participating Member States as described in Article 6 of this Regulation (9)