Member States may not require the application for authorisation to be examined in terms of the economic needs of the market.
◷
New version applies from 18/05/2004 — introduced by Markets in Financial Instruments Directive (MIFID), Commission Directive 2004/69/EC.
147 provisions change.
Later versions: 13/04/2005, 29/03/2006, 20/07/2006.
Article 9 moves to another heading in this version: compare.