(7)In order for the ESFS to work effectively, changes to legal acts of the Union in the field of operation of the three ESA are necessary. Such changes concern the definition of the scope of certain powers of the ESA, the integration of certain powers established in legal acts of the Union, and amendments to ensure a smooth and effective functioning of the ESA in the context of the ESFS.
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New version applies from 13/01/2019 — introduced by Capital Requirements Directive, Directive 2014/65/EU (MIFID II), Market Abuse Regulation (MAR), Directive (EU) 2016/2341.
50 provisions change.
Later versions: 01/08/2019.
Recital 7 changes in this version: compare with the current text.