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New version applies from 03/01/2018 — introduced by Directive 2014/65/EU (MIFID II). 152 provisions change. Recital 30 is deleted from 03/01/2018.

Recital 30

Recital 30

(30)A service should be considered to be provided at the initiative of a client unless the client demands it in response to a personalised communication from or on behalf of the firm to that particular client, which contains an invitation or is intended to influence the client in respect of a specific financial instrument or specific transaction. A service can be considered to be provided at the initiative of the client notwithstanding that the client demands it on the basis of any communication containing a promotion or offer of financial instruments made by any means that by its very nature is general and addressed to the public or a larger group or category of clients or potential clients.

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