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Part 18 · Transitional Provisions › Section 138a

Transitional provision relating to Regulation (EU) No 600/2014

The prohibition of inducements for the routing of client orders under Article 39a(1) of Regulation (EU) No 600/2014 does not apply, until 30 June 2026, to investment services undertakings domiciled in Germany when providing investment services to clients domiciled in Germany.

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