(37)Persons who provide the investment services and/or perform investment activities covered by this Directive should be subject to authorisation by their home Member States in order to protect investors and the stability of the financial system.
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New version applies from 17/09/2014 — introduced by Regulation (EU) No 909/2014 (CSDR).
275 provisions change.
Later versions: 01/07/2016, 01/10/2018, 31/12/2019, 26/03/2020, 26/06/2021, 10/11/2021, 01/01/2022, 28/02/2022, 23/03/2023, 09/01/2024, 28/03/2024, 17/01/2025, 06/06/2026.
Recital 37 changes in this version: compare with the current text.