Article 125 Amendment to Regulation (EU) No 1093/2010

Regulation (EU) No 1093/2010 is amended as follows:

1. (1)

   In Article 4, point (2) is replaced by the following:

   ‘(2)

   ‘competent authority’ means:

   1. (i)

      competent authority as defined in Article 4(1)(40) of Regulation (EU) No 575/2013, and within the meaning of Directives 2007/64/EC and 2009/110/EC;

   2. (ii)

      with regard to Directives 2002/65/EC and 2005/60/EC, the authorities competent for ensuring compliance with the requirements of those Directives by credit and financial institutions;

   3. (iii)

      with regard to Directive 2014/49/EU of the European Parliament and of the Council^f1, a designated authority as defined in Article 2(1)(18) of that Directive;

   4. (iv)

      with regard to Directive 2014/59/EU of the European Parliament and of the Council^f2, a resolution authority as defined in Article 2(1)(18) of that Directive.’;

2. (2)

   In Article 40(6), the following subparagraph is added:

   ‘For the purpose of acting within the scope of Directive 2014/59/EU, the member of the Board of Supervisors referred to in point (b) of paragraph 1 may, where appropriate, be accompanied by a representative from the resolution authority in each Member State, who shall be non-voting.’.