(18)With a view to reducing the administrative burden for institutions with negligible trading-book business in both absolute and relative terms, such institutions should be able to apply Directive 2006/48/EC, rather than the requirements laid down in Annexes I and II to this Directive.
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New version applies from 01/01/2014 — introduced by Capital Requirements Directive.
109 provisions change.
Recital 18 is deleted from 01/01/2014.