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New version applies from 30/04/2004 — introduced by Markets in Financial Instruments Directive (MIFID). 23 provisions change. Later versions: 13/04/2005, 20/07/2006. Article 10 changes in this version: compare with the current text.

Article 10

Article 10

Pending adoption of a further Directive laying down provisions for adapting this Directive to technical progress in the areas specified below, the Council shall, acting by qualified majority on a proposal from the Commission, in accordance with Decision 87/373/EEC, adopt those adaptations which may be necessary, as follows:

- clarification of the definitions in Article 2 in order to ensure uniform application of this Directive throughout the Community,

- clarification of the definitions in Article 2 to take account of developments on financial markets,

- alteration of the amounts of initial capital prescribed in Article 3 and the amount referred to in Article 4 (6) to take account of developments in the economic and monetary field,

- the alignment of terminology on and the framing of definitions in accordance with subsequent acts on institutions and related matters.

TRANSITIONAL PROVISIONS

Official text · the act as published Open full page ↗
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