management body in its management function
as defined in Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31…, Article 2(1), point (38) (Definitions)
the management body responsible for the day-to-day management of the obliged entity
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Also defined in
- Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit… 02013L0036-20260711, Article 3(1)
(8a) 'management body in its management function' means the management body acting in its role of directing an institution and includes the persons who effectively direct the business of the institution;