For the purposes of this Regulation, the following definitions shall apply:

1. (a)

   ‘expert’ means a person referred to in Article 3(1)(34)(ii) of Regulation (EU) No 596/2014 who repeatedly proposes investment decisions in respect of financial instruments and who:

   1. (i)

      presents himself as having financial expertise or experience; or

   2. (ii)

      puts forward his recommendation in such a way that other persons would reasonably believe he has financial expertise or experience;

2. (b)
   ‘group’ means a group as defined in Article 2(11) of Directive 2013/34/EU of the European Parliament and of the Council5.