(4)This Directive constitutes an instrument essential to the achievement of the internal market as set out in timetable form in the Commission communications "Risk capital action plan" and "Implementing the framework for financial market: Action Plan" facilitating the widest possible access to investment capital on a Community-wide basis, including for small and medium-sized enterprises (SMEs) and start-ups, by granting a single passport to the issuer.
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New version applies from 21/07/2019 — introduced by Prospectus Regulation.
102 provisions change.
Recital 4 is deleted from 21/07/2019.