(4)This Directive constitutes the essential instrument for the achievement of the internal market, a course determined by the Single European Act and set out in timetable form in the Commission's White Paper, from the point of view of both the freedom of establishment and the freedom to provide financial services, in the field of credit institutions.
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New version applies from 20/07/2006 — introduced by Directive 2006/48/EC (CRD).
144 provisions change.
Recital 4 is deleted from 20/07/2006.