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New version applies from 07/12/2009 — introduced by Directive 2009/111/EC (CRD). 64 provisions change. Recital 59 changes in this version: compare with the current text.

Recital 59

Recital 59

(59)In the interests of legal certainty, it is appropriate to make transitional arrangements in accordance with which persons who have commenced the activities of payment institutions in accordance with the national law in force before the entry into force of this Directive may continue those activities within the Member State concerned for a specified period.

Official text · the act as publishedFrom the act as published (consolidated texts do not carry recitals or the preamble). Open full page ↗
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