(3)The Commission Communication of 11 May 1999, entitled ‘Implementing the framework for financial markets: Action Plan’, identifies a series of actions that are needed in order to complete the single market for financial services. The Lisbon European Council of March 2000 calls for the implementation of that Action Plan by 2005. The Action Plan stresses the need to draw up a Directive upgrading transparency requirements. That need was confirmed by the Barcelona European Council of March 2002.
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New version applies from 20/03/2008 — introduced by Directive 2008/22/EC.
87 provisions change.
Later versions: 04/01/2011, 26/11/2013, 18/03/2021, 05/01/2023, 09/01/2024.
Recital 3 changes in this version: compare with the current text.