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New version applies from 20/03/2008 — introduced by Directive 2008/10/EC. 91 provisions change. Later versions: 04/01/2011, 03/01/2018. Recital 40 changes in this version: compare with the current text.

Recital 40

Recital 40

(40)For the purposes of this Directive eligible counterparties should be considered as acting as clients.

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