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Article 41

Article 41

1.The Commission shall decide on any technical adaptations in the following areas ►M1 ————— ◄:

(a)

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

(b)

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

(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)

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

(e)

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

(f)

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

(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)

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Official text · consolidated version 28/04/2009 (no longer in force) Open full page ↗
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