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New version applies from 04/01/2011 — introduced by Directive 2010/78/EU. 52 provisions change. Later versions: 03/07/2016. Recital 5 changes in this version: compare with the current text.

Recital 5

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The Resolution adopted by the Stockholm European Council of March 2001 endorsed the final report of the Committee of Wise Men and the proposed four-level approach to make the regulatory process for Community securities legislation more efficient and transparent.

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