competent authoritiesmeans the authorities designated by each Member State in accordance with Article 22;
sectoral competent authoritiesmeans the national competent authorities designated under the relevant sectoral legislation for the supervision of credit institutions, investment firms, insurance undertakings, assurance undertakings, reinsurance undertakings, undertakings for collective investment in transferable securities (UCITS), institutions for occupational retirement provision and alternative investment funds.’;
sectoral legislationmeans the legal acts of the Union referred to in the first subparagraph of Article 4(1);