(13)Trust relationships are widely used in commercial products as an internationally recognised feature of the comprehensively supervised wholesale financial markets. An obligation to identify the beneficial owner does not arise from the fact alone that there is a trust relationship in this particular case.
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New version applies from 04/01/2011 — introduced by Directive 2010/78/EU.
59 provisions change.
Recital 13 changes in this version: compare with the current text.