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New version applies from 23/05/2014 — introduced by Directive 2014/51/EU. 77 provisions change. Later versions: 21/06/2015, 01/01/2019, 09/01/2024, 17/01/2025. Recital 20 changes in this version: compare with the current text.

Recital 20

Recital 20

(20)Investment research, investment recommendations and other opinions about a value or a price for a financial instrument or a financial obligation should not be considered to be credit ratings.

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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