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New version applies from 04/01/2011 — introduced by Commission Directive 2009/27/EC, Directive 2010/76/EU (CRD), Directive 2010/78/EU. 61 provisions change. Later versions: 01/01/2014. Recital 39 changes in this version: compare with the current text.

Recital 39

Recital 39

(39)In order to avoid disruption to markets and to ensure continuity in overall levels of own funds, it is appropriate to provide for specific transitional arrangements.

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