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New version applies from 01/01/2014 — introduced by Capital Requirements Directive. 109 provisions change. Recital 28 is deleted from 01/01/2014.

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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