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New version applies from 01/01/2014 — introduced by Regulation (EU) No 258/2014. 47 provisions change. Recital 1 is deleted from 01/01/2014.

Recital 1

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The financial services sector is a key component of the internal market, crucial for the proper functioning of the European economy and for global competitiveness. A healthy and dynamic financial sector requires a solid framework for regulation and supervision, which is capable of meeting the demands of increasingly integrated financial markets in the Community.

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