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New version applies from 30/04/2011 — introduced by Directive 2009/110/EC. 32 provisions change. Recital 6 is deleted from 30/04/2011.

Recital 6

Recital 6

(6)Credit institutions, by virtue of point 5 of Annex I to Directive 2000/12/EC, are already allowed to issue and administer means of payment including electronic money and to carry on such activities Community-wide subject to mutual recognition and to the comprehensive prudential supervisory system applying to them in accordance with the European banking Directives.

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