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Article 29

Article 29

Pending the adoption of a further Directive laying down provisions adapting this Directive to technical progress in the areas specified below, the Council shall, in accordance with Decision 87/373/EEC (15),20acting by a qualified majority on a proposal from the Commission, adopt any adaptations which may be necessary, as follows:

- expansion of the list in Section C of the Annex,

- adaptation of the terminology of the lists in the Annex to take account of developments on financial markets,

- the areas in which the competent authorities must exchange information as listed in Article 23;

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

- clarification of the definitions in order to take account in the implementation of this Directive of developments on financial markets,

- the alignment of terminology and the framing of definitions in accordance with subsequent measures on investment firms and related matters,

- the other tasks provided for in Article 7 (5).

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