Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'credit institution / investment firm'?

A. a legal person that has been granted authorisation in accordance with Article 10 to provide and execute payment services throughout the European community
B. financial institution that does not have a full banking license and typically is not supervised by a national or international banking regulatory agency
C. any legal person whose regular occupation or business is the provision of one or more investment services to third parties and/or the performance of one or more investment activities on a professional basis
D. classification specific to European financial institutions that designates them as credit institutions / investment firms as defined by the European Banking Authority (EBA)

Answer: classification specific to European financial institutions that designates them as credit institutions / investment firms as defined by the European Banking Authority (EBA)