AIFMmeans an AIFM as defined in point (b) of Article 4(1) of Directive 2011/61/EU;
ELTIFmeans a fund authorised in accordance with Article 6 of Regulation (EU) 2015/760;
insurance advicemeans advice as defined in point (15) of Article 2(1) of Directive (EU) 2016/97;
insurance intermediarymeans an insurance intermediary as defined in point (3) of Article 2(1) of Directive (EU) 2016/97;
insurance undertakingmeans an insurance undertaking authorised in accordance with Article 18 of Directive 2009/138/EC;
investment advicemeans investment advice as defined in point (4) of Article 4(1) of Directive 2014/65/EU;
investment firmmeans an investment firm as defined in point (1) of Article 4(1) of Directive 2014/65/EU;
IORPmeans an institution for occupational retirement provision authorised or registered in accordance with Article 9 of Directive (EU) 2016/2341 except an institution in respect of which a Member State has chosen to apply Article 5 of that Directive or an institution that operates pension schemes which together have less than 15 members in total;
pension schememeans a pension scheme as defined in point (2) of Article 6 of Directive (EU) 2016/2341;
PEPPmeans a product as referred to in point (2) of Article 2 of Regulation (EU) 2019/1238;
portfolio managementmeans portfolio management as defined in in point (8) of Article 4(1) of Directive 2014/65/EU;
professional investormeans a client who meets the criteria laid down in Annex II to Directive 2014/65/EU;
retail investormeans an investor who is not a professional investor;
sustainability riskmeans an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment;
sustainable investmentmeans an investment in an economic activity that contributes to an environmental objective, as measured, for example, by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, on the production of waste, and greenhouse gas emissions, or on its impact on biodiversity and the circular economy, or an investment in an economic activity that contributes to a social objective, in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities, provided that such investments do not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance;
UCITSmeans an undertaking authorised in accordance with Article 5 of Directive 2009/65/EC;