The approach adopted consists in bringing about such harmonisation as is essential, necessary and sufficient to achieve the mutual recognition of authorisations and prudential control systems, thereby making it possible to grant a single authorisation valid throughout the Community and apply the principle of supervision by the home Member State.
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New version applies from 20/03/2008 — introduced by Directive 2008/19/EC.
67 provisions change.
Later versions: 01/07/2013, 01/01/2016.
Recital 7 changes in this version: compare with the current text.