(13)Persons who provide investment services consisting exclusively in the administration of employee-participation schemes and who therefore do not provide investment services for third parties should not be covered by this Directive.
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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 13 changes in this version: compare with the current text.