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New version applies from 04/01/2011 — introduced by Directive 2010/78/EU. 192 provisions change. Later versions: 21/07/2011, 20/06/2013, 17/09/2014, 01/01/2019, 07/01/2020, 26/06/2021, 02/08/2021, 01/01/2023, 09/01/2024, 17/01/2025, 16/04/2026. Article 88 changes in this version: compare with the current text.

Article 88

Article 88

1. Without prejudice to the application of Articles 50 and 51, the following shall not grant loans or act as a guarantor on behalf of third parties:

((a))

an investment company;

((b))

a management company or depositary acting on behalf of a common fund.

2. Paragraph 1 shall not prevent the undertakings referred to therein from acquiring transferable securities, money market instruments or other financial instruments referred to in points (e), (g) and (h) of Article 50(1) which are not fully paid.

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