The prudential supervision of investment firms shall be the responsibility of the competent authorities of the home Member State, without prejudice to those provisions of this Directive which confer responsibility on the competent authorities of the host Member State.
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Chapter 1 · Principles of prudential supervision › Section 1 · Competences and duties of home and host Member States › Article 12
Competence of the competent authorities of the home and host Member State
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