(51)It is also considered necessary to allow ESMA, after taking into account the advice of the ESRB, to determine that the leverage used by an AIFM or by a group of AIFMs poses a substantial risk to the stability and the integrity of the financial system and to issue advice to competent authorities specifying the remedial measures to be taken.
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New version applies from 20/06/2013 — introduced by Directive 2013/14/EU.
165 provisions change.
Later versions: 02/07/2014, 13/01/2019, 26/06/2021, 02/08/2021, 09/01/2024, 17/01/2025, 16/04/2026.
Recital 51 changes in this version: compare with the current text.