(7)Investment undertakings, such as family office vehicles which invest the private wealth of investors without raising external capital, should not be considered to be AIFs in accordance with this Directive.
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New version applies from 02/07/2014 — introduced by Directive 2014/65/EU (MIFID II).
97 provisions change.
Later versions: 13/01/2019, 26/06/2021, 02/08/2021, 09/01/2024, 17/01/2025, 16/04/2026.
Recital 7 changes in this version: compare with the current text.