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Article 41

Comparing 20/07/2006 → 20/03/2008: 1 added, 1 removed, 9 changed Close comparison

2. None of the implementing measures enacted may change the essential provisions of this Directive

1. 1. The Commission shall decide on any technical adaptations in the following areas in►M1 accordance————— with the procedure referred to in Article 42(2):◄:

(a)((a)) clarification of the definitions in Article 3 in order to ensure uniform application of this Directive;

(b)((b)) clarification of the definitions in Article 3 to take account of developments on financial markets;

(c)((c)) adjustment of the amounts of initial capital prescribed in Articles 5 to 9 and the amount referred to in Article 18(2) to take account of developments in the economic and monetary field;

(d)((d)) adjustment of the categories of investment firms in Article 20(2) and (3) to take account of developments on financial markets;

(e)((e)) clarification of the requirement laid down in Article 21 to ensure uniform application of this Directive;

(f)((f)) alignment of terminology on and the framing of definitions in accordance with subsequent acts on institutions and related matters;

(g)((g)) adjustment of the technical provisions in Annexes I to VII as a result of developments on financial markets, risk measurement, accounting standards or requirements which take account of Community legislation or which have regard to convergence of supervisory practices; or

(h)((h)) technical adaptations to take account of the outcome of the review referred to in Article 65(3) of Directive 2004/39/EC.

2.The measures referred to in paragraph 1, designed to amend non-essential elements of this Directive, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 42(2).

Official text · consolidated version 20/03/2008 (no longer in force) Open full page ↗
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