(10)The Commission Communication of 11 May 1999 entitled ‘Implementing the framework for financial markets: Action Plan’ listed a number of goals that need to be achieved in order to complete the internal market in financial services. The Lisbon European Council of 23 and 24 March 2000 set the goal of implementing the action plan by 2005. Recasting of the provisions on own funds is a key element of the action plan.
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New version applies from 01/01/2014 — introduced by Capital Requirements Directive.
109 provisions change.
Recital 10 is deleted from 01/01/2014.