In the absence of specific interpretation given by ESMA or by the Joint Committee of the European Supervisory Authorities, the provisions of this Section shall be interpreted in a consistent manner with the corresponding provisions of Directive 2006/48/EC and with the Guidelines to Article 122a of the Capital Requirements Directive of 31 December 2010 (9) issued by the Committee of European Banking Supervisors and their subsequent amendments.
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Chapter III · OPERATING CONDITIONS FOR AIFMs › Section 5 · Investment in securitisation positions › Article 56
Interpretation
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