(12)Persons who provide investment services only on an incidental basis in the course of professional activity should also be excluded from the scope of this Directive, provided that activity is regulated and the relevant rules do not prohibit the provision, on an incidental basis, of investment services.
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New version applies from 28/04/2006 — introduced by Directive 2006/31/EC.
79 provisions change.
Later versions: 21/09/2007, 20/03/2008, 04/01/2011, 03/01/2018.
Recital 12 changes in this version: compare with the current text.