(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.
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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
- 6 See page 1 of this official Journal ↩