Directive 2006/48/EC states the principle of consolidation. It does not establish common rules for the consolidation of financial institutions which are involved in activities principally subject to market risks.
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New version applies from 07/12/2009 — introduced by Directive 2009/111/EC (CRD).
52 provisions change.
Later versions: 04/01/2011, 01/01/2014.
Recital 26 changes in this version: compare with the current text.