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New version applies from 04/01/2011 — introduced by Directive 2010/78/EU. 103 provisions change. Later versions: 03/01/2018. Recital 1 changes in this version: compare with the current text.

Recital 1

Recital 1

(1)Council Directive 93/22/EEC of 10 May 1993 on investment services in the securities field 5 sought to establish the conditions under which authorised investment firms and banks could provide specified services or establish branches in other Member States on the basis of home country authorisation and supervision. To this end, that Directive aimed to harmonise the initial authorisation and operating requirements for investment firms including conduct of business rules. It also provided for the harmonisation of some conditions governing the operation of regulated markets.

  1. 5 OJ L 141, 11.6.1993, p. 27. Directive as last amended by Directive 2002/87/EC of the European Parliament and of the Council (OJ L 35, 11.2.2003, p. 1). ↩
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