# Commission Delegated Regulation (EU) 2017/2154 of 22 September 2017 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to regulatory technical standards on indirect clearing arrangements (Text with EEA relevance), Article 1: Definitions

Extent: E+W+S+N.I.

For the purposes of this Regulation the following definitions apply:
(a) ‘client’ means a client as defined in Article 2(15) of Regulation (EU) No 648/2012;
(b) ‘indirect client’ means a client of a client as defined in point (a);
(c) ‘indirect clearing arrangements’ means the set of contractual relationships between providers and recipients of indirect clearing services provided by a client, an indirect client or a second indirect client;
(d) ‘second indirect client’ means a client of an indirect client as defined in point (b);
(e) ‘third indirect client’ means a client of a second indirect client as defined in point (d).

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Source: https://www.legislation.gov.uk/eur/2017/2154/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-2154/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.