+Artikolu 20 3.
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Artikolu 20 3.
Fejn ditta tal-investiment tkun ilha timmaniġġja l-ordnijiet ta’ klijenti għal inqas minn sitt xhur, jew tkun għamlet dan għal perijodu itwal bħala ditta tal-investiment żgħira u mhux interkonnessa, din għandha tuża data storika għal COH għall-perijodu speċfikat taħt il-paragrafu 1 hekk kif tali data ssir disponibbli biex tikkalkula K-COH. L-awtorità kompetenti tista’ tissostitwixxi punti ta’ data storiċi neqsin b’determinazzjonijiet regolatorji bbażati fuq il-projezzjonijiet tan-negozju tad-ditta tal-investiment ippreżentati skont l-Artikolu 7 tad-Direttiva 2014/65/UE.
1. Ħarsa ġenerali
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1.1 Referenzi
1.2 Rekwiżiti identifikati
1.3 Standards relatati
2. Rekwiżiti identifikati
3. Standards relatati
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