Public-equivalent bodies are organizations that meet the following requirements:

a) Are established for the specific purpose of meeting needs in the general interest, not having an industrial or commercial character (this definition does not exclude bodies partly having an industrial or commercial character);

b) Have a legal personality;

c) Fulfil one of the three following conditions:

    - Are either financed, for the most part, by the State, regional or local authorities, or other bodies governed by public law;

    - Are subject to management supervision by those bodies; or

    - Have administrative, managerial or supervisory board, more than half of whose members are appointed by the State, regional or local authorities or by other bodies governed by public law.