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New version applies from 17/09/2014 — introduced by Undertakings for Collective Investment in Transferable Securities Directive. 147 provisions change. Later versions: 01/01/2019, 07/01/2020, 26/06/2021, 02/08/2021, 01/01/2023, 09/01/2024, 17/01/2025, 16/04/2026. Recital 7 changes in this version: compare with the current text.

Recital 7

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Units of UCITS are considered to be financial instruments for the purposes of Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments ( 4 ).

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