8Article 1 of Directive 97/9 provides the following definitions:‘For the purposes of this Directive:1. “investment firm” shall mean an investment firm as defined in Article 1(2) of Directive 93/22/EEC– authorised in accordance with Article 3 of Directive 93/22/EEC,or– authorised as a credit institution in accordance with [First Council Directive 77/780/EEC of 12 December 1977 on the coordination of the laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (OJ 1977 L 322, p. 30)] and [Second Council Directive 89/646/EEC of 15 December 1989 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions and amending Directive 77/780/EEC (OJ 1989 L 386, p. 1)], the authorisation of which covers one or more of the investment services listed in Section A of the Annex to Directive 93/22/EEC;2. “investment business” shall mean any investment service as defined in Article 1(1) of Directive 93/22/EEC and the service referred to in point 1 of Section C of the Annex to that Directive,…4. “investor” shall mean any person who has entrusted money or instruments to an investment firm in connection with investment business;…’
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