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New version applies from 21/09/2007 — introduced by Directive 2007/44/EC. 83 provisions change. Later versions: 20/03/2008, 04/01/2011, 03/01/2018. Recital 20 changes in this version: compare with the current text.

Recital 20

Comparing 30/04/2004 → 28/04/2006: 0 added, 0 removed, 0 changed Close comparison

For the purposes of this Directive, the business of the reception and transmission of orders should also include bringing together two or more investors thereby bringing about a transaction between those investors.

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