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New version applies from 01/01/2014 — introduced by Capital Requirements Directive. 109 provisions change. Recital 11 is deleted from 01/01/2014.

Recital 11

Recital 11

(11)Since investment firms face in respect of their trading book business the same risks as credit institutions, it is appropriate for the pertinent provisions of Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions 6 to apply equally to investment firms.

  1. 6 See page 1 of this official Journal ↩
Official text · the act as publishedFrom the act as published (consolidated texts do not carry recitals or the preamble). Open full page ↗
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