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beneficiary

as defined in Regulation (EU) 2021/1060 of the European Parliament and of the Council of…, Article 2, point (9) (Definitions)

(a) a public or private body, an entity with or without legal personality, or a natural person, responsible for initiating or both initiating and implementing operations; (b) in the context of public-private partnerships (‘PPPs’), the public body initiating a PPP operation or the private partner selected for its implementation; (c) in the context of State aid schemes, the undertaking which receives the aid; (d) in the context of de minimis aid provided in accordance with Commission Regulations (EU) No 1407/2013 or (EU) No 717/2014, the Member State may decide that the beneficiary for the purposes of this Regulation is the body granting the aid, where it is responsible for intiating or both initiating and implementing the operation; (e) in the context of financial instruments, the body that implements the holding fund or, where there is no holding fund structure, the body that implements the specific fund or, where the managing authority manages the financial instrument, the managing authority;

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