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New version applies from 21/07/2011 — introduced by Alternative Investment Fund Managers Directive (AIFMD). 45 provisions change. Later versions: 20/06/2013, 13/01/2019. Recital 32 changes in this version: compare with the current text.

Recital 32

Recital 32

(32)Supervisory methods and practices vary among Member States. Therefore, Member States should be given some discretion on the precise investment rules that they wish to impose on the institutions located in their territories. However, these rules must not restrict the free movement of capital, unless justified on prudential grounds.

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