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New version applies from 01/01/2014 — introduced by Capital Requirements Directive. 109 provisions change. Recital 22 is deleted from 01/01/2014.

Recital 22

Recital 22

(22)The goal of liberalisation of gas and electricity markets is both economically and politically important for the Community. With this in mind, the capital requirements and other prudential rules to be applied to firms active in those markets should be proportionate and should not unduly interfere with achievement of the goal of liberalisation. This goal should, in particular, be kept in mind when the reviews referred to in recital 21 are carried out.

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