(28)Directive 2006/48/EC does not apply to groups which include one or more investment firms but no credit institutions. A common framework for the introduction of the supervision of investment firms on a consolidated basis should therefore be provided for.
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New version applies from 20/03/2008 — introduced by Directive 2008/23/EC.
89 provisions change.
Later versions: 28/04/2009, 07/12/2009, 04/01/2011, 01/01/2014.
Recital 28 changes in this version: compare with the current text.