The smooth operation of the internal market requires not only legal rules but also close and regular cooperation and significantly enhanced convergence of regulatory and supervisory practices between the competent authorities of the Member States.
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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 9 changes in this version: compare with the current text.