1) Entities which are required to be authorised or regulated to operate in the financial markets:
a) Credit institutions
b) Investment firms
c) Other authorised or regulated financial institutions
d) Insurance companies
e) Collective investment schemes and management companies of such schemes
f) Pension funds and management companies of such funds
g) Commodity and commodity derivatives dealers
h) Other institutional investors
2) Large undertakings meeting two of the following size requirements on a company basis:
a) balance sheet total: EUR 20 000 000
b) net turnover: EUR 40 000 000
c) own funds: EUR 2 000 000
3) National and regional governments, public bodies that manage public debt, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations.
4) Other institutional investors whose main activity is to invest in financial instruments.