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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 28 changes in this version: compare with the current text.

Recital 28

Recital 28

(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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