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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Official text · consolidated version 30/04/2004 (no longer in force) Open full page ↗
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