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New version applies from 29/03/2006 — introduced by Commission Directive 2006/29/EC. 74 provisions change. Later versions: 20/07/2006. Recital 53 changes in this version: compare with the current text.

Recital 53

Recital 53

(53)The minimum ratio provided for in this Directive reinforces the capital of credit institutions in the Community. A level of 8 % has been adopted following a statistical survey of capital requirements in force at the beginning of 1988.

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