FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: a subsidiary of the parent undertaking of a credit institution or insurance undertaking authorised in the Community; or
German: Tochterunternehmen des Mutterunternehmens eines in der Gemeinschaft zugelassenen Kreditinstituts oder Versicherungsunternehmens ist, oder
Spanish: sea filial de la empresa matriz de una entidad de crédito o empresa de seguros autorizada en la Comunidad, o
Portuguese: Uma filial da empresa-mãe de uma instituição de crédito ou de uma empresa de seguros autorizada na Comunidade; ou
Dutch: een dochteronderneming is van de moederonderneming van een kredietinstelling of verzekeringsonderneming waaraan in de Gemeenschap vergunning is verleend, of
Swedish: dotterföretag till moderföretaget till ett kreditinstitut eller försäkringsföretag som auktoriserats i gemenskapen, eller
Greek: είναι θυγατρική της μητρικής επιχείρησης ενός πιστωτικού ιδρύματος ή μιας ασφαλιστικής επιχείρησης που έχει λάβει άδεια λειτουργίας στην Κοινότητα, ή
Bulgarian: дъщерно предприятие на предприятието-майка на кредитна институция или застрахователно предприятие, което има разрешение в Общността; или
Estonian: mis on ühenduses tegevusloa saanud krediidiasutuse või kindlustusseltsi emaettevõtja tütarettevõtja või
Latvian: tādas kredītiestādes vai apdrošināšanas uzņēmuma mātesuzņēmuma meitasuzņēmums, kam atļauja piešķirta Kopienā; vai
English: The Commission shall be informed of such measures without delay. 3.
Latvian: Par šādiem pasākumiem tūlīt informē Komisiju.
English: In Article 3 the following paragraphs shall be inserted:
German: In Artikel 3 werden folgende Absätze eingefügt:
Spanish: En el artículo 3 se añaden los siguientes apartados:
Portuguese: No artigo 3.o são inseridos os seguintes números: "4-A.
Dutch: in artikel 3 wordt het volgende ingevoegd: "4 bis.
Greek: Στο άρθρο 3 προστίθενται οι ακόλουθες παράγραφοι:
Slovak: V článku 3 sa dopĺňa tento odsek:
Polish: w art. 3 ust. 3 dodaje się akapity w brzmieniu:
Hungarian: A 3. cikk a következő bekezdésekkel egészül ki:
Slovenian: V člen 3 se vstavijo naslednji odstavki:
Romanian: La articolul 3, se inserează următoarele alineate:
Bulgarian: В член 3 се включват следните параграфи:
Estonian: Artiklile 3 lisatakse järgmised lõigud:
Latvian: direktīvas 3. pantā iekļauj šādus punktus:
Lithuanian: 3 straipsnyje įterpiamos šios dalys:
Maltese: Fl-Artikolu 3, għandhom jiddaħħlu l-paragrafi li ġejjin:
English: initial capital of EUR 50000; or
German: ein Anfangskapital von 50000 EUR haben oder
Portuguese: Um capital inicial de 50000 EUR; ou
Swedish: ett startkapital på 50000 euro, eller
Greek: αρχικό κεφάλαιο 50000 ευρώ, ή
Romanian: un capital inițial de 50 000 euro;
Bulgarian: първоначален капитал от 50 000 евро; или
Estonian: algkapital 50000 eurot või
Latvian: sākuma kapitālam EUR 50000 apjomā; vai
English: professional indemnity insurance covering the whole territory of the Community or some other comparable guarantee against liability arising from professional negligence, representing at least EUR 1000000 applying to each claim and in aggregate EUR 1500000 per year for all claims; or
German: über eine für das gesamte Gemeinschaftsgebiet geltende Berufshaftpflichtversicherung oder eine vergleichbare Garantie für Haftungsfälle aus berufsmäßigem Verschulden verfügen, die eine Haftungssumme von mindestens 1000000 EUR für jeden einzelnen Schadensfall und eine Gesamtsumme von mindestens 1500000 EUR für sämtliche Schadensfälle eines Kalenderjahrs vorsieht, oder
Portuguese: Um seguro de responsabilidade civil profissional que abranja todo o território da Comunidade, ou qualquer outra garantia equivalente, que cubra as responsabilidades resultantes de negligência profissional, que represente, no mínimo, uma cobertura de 1000000 EUR por sinistro e, globalmente, 1500000 EUR para todos os sinistros que ocorram durante um ano; ou
Dutch: een beroepsaansprakelijkheidsverzekering die het volledige grondgebied van de Gemeenschap bestrijkt of een andere vergelijkbare waarborg tegen aansprakelijkheid als gevolg van beroepsnalatigheid, voor een bedrag van ten minste 1.000.000 EUR, van toepassing per schadevordering, en in het totaal 1.500.000 EUR per jaar voor alle schadevorderingen, of
Swedish: en ansvarsförsäkring som gäller gemenskapens hela territorium, eller någon annan form av jämförbar garanti mot skadeståndsansvar på grund av fel eller försumlighet i verksamheten, som uppgår till minst 1000000 euro för varje skadeståndskrav och till minst 1500000 euro per år för samtliga skadeståndskrav, eller
Greek: ασφάλιση επαγγελματικής αποζημίωσης καλύπτουσα ολόκληρο το έδαφος της Κοινότητας ή ισοδύναμη εγγύηση κατά της ευθύνης από επαγγελματική αμέλεια, για ποσό 1000000 ευρώ τουλάχιστον ανά ζημία και συνολικά 1500000 ευρώ κατ' έτος για όλες τις ζημίες, ή
Romanian: o asigurare de răspundere civilă profesională care acoperă întreg teritoriul Comunității sau o altă garanție comparabilă împotriva angajării răspunderii lor pentru neglijență profesională, pentru o sumă minimă de un milion de euro per eveniment asigurat și de un milion și jumătate de euro pe an pentru valoarea totală a evenimentelor asigurate;
Bulgarian: застраховка за професионална отговорност, покриваща цялата територия на Общността, или друга съизмерима гаранция срещу задължение, произтичащо от професионална небрежност, която представлява най-малко 1 000 000 евро за всеки иск и 1 500 000 евро годишно за всички искове; или
Latvian: profesionālās darbības civiltiesiskās atbildības apdrošināšanai, kura attiecas uz visu Kopienas teritoriju, vai kādai citai salīdzināmai garantijai attiecībā uz saistībām, kas rodas profesionālās nolaidības dēļ, un kura ir vismaz EUR 1000000 par katru prasību un kopumā EUR 1500000 gadā par visām prasībām; vai
English: initial capital of EUR 25000; or
German: ein Anfangskapital von 25000 EUR haben oder
Portuguese: Um capital inicial de 25000 EUR; ou
Swedish: ett startkapital på 25000 euro, eller
Finnish: 50000 euron perustamispääoma tai
Greek: αρχικό κεφάλαιο 25000 ευρώ, ή
Romanian: un capital inițial de 50 000 euro; sau
Bulgarian: първоначален капитал от 25 000 евро; или
Latvian: EUR 25000 sākuma kapitālam; vai
English: professional indemnity insurance covering the whole territory of the Community or some other comparable guarantee against liability arising from professional negligence, representing at least EUR 500000 applying to each claim and in aggregate EUR 750000 per year for all claims; or
German: über eine für das gesamte Gemeinschaftsgebiet geltende Berufshaftpflichtversicherung oder eine vergleichbare Garantie für Haftungsausfälle aus berufsmäßigem Verschulden verfügen, die eine Haftungssumme von mindestens 500000 EUR für jeden einzelnen Schadensfall und eine Gesamtsumme von mindestens 750000 EUR für sämtliche Schadensfälle eines Kalenderjahrs vorsieht, oder
Portuguese: Um seguro de responsabilidade civil profissional que abranja todo o território da Comunidade, ou qualquer outra garantia equivalente, que cubra as responsabilidades resultantes de negligência profissional, que represente no mínimo, uma cobertura de 500000 EUR por sinistro e, globalmente, 750000 EUR para todos os sinistros que ocorram durante um ano; ou
Dutch: een beroepsaansprakelijkheidsverzekering die het volledige grondgebied van de Gemeenschap bestrijkt of een andere vergelijkbare waarborg tegen aansprakelijkheid als gevolg van beroepsnalatigheid, voor een bedrag van ten minste 500.000 EUR, van toepassing per schadevordering, en in het totaal 750.000 EUR per jaar voor alle schadevorderingen, of
Swedish: en ansvarsförsäkring som gäller gemenskapens hela territorium, eller någon annan form av jämförbar garanti mot skadeståndsansvar på grund av fel eller försumlighet i verksamheten, som uppgår till minst 500000 euro för varje skadeståndskrav och till minst 750000 euro per år för samtliga skadeståndskrav, eller
Greek: ασφάλιση επαγγελματικής αποζημίωσης καλύπτουσα ολόκληρο το έδαφος της Κοινότητας ή ισοδύναμη εγγύηση κατά της ευθύνης από επαγγελματική αμέλεια, για ποσό 500000 ευρώ τουλάχιστον ανά ζημία και συνολικά 750000 ευρώ κατ' έτος για όλες τις ζημίες, ή
Romanian: o asigurare de răspundere civilă profesională care acoperă întreg teritoriul Comunității sau o altă garanție comparabilă împotriva angajării răspunderii sale pentru neglijență profesională, pentru o sumă minimă de 500 000 euro per eveniment asigurat și de 750 000 de euro pe an pentru valoarea totală a evenimentelor asigurate; sau
Bulgarian: застраховка за професионална отговорност, която покрива цялата територия на Общността, или друга съизмерима гаранция срещу задължение, произтичащо от професионална небрежност, представляваща най-малко 500 000 евро за всеки иск и 750 000 евро годишно за всички искове; или
Latvian: profesionālās darbības civiltiesiskās atbildības apdrošināšanai, kura attiecas uz visu Kopienas teritoriju, vai kādai citai salīdzināmai garantijai attiecībā uz atbildību, kas rodas profesionālās nolaidības dēļ, un kura ir vismaz EUR 500000 par katru prasību un kopumā EUR 750000 gadā par visām prasībām; vai
English: Opinion of the European Parliament of 25 September 2003 (not yet published in the Official Journal), Council Common Position of 8 December 2003 , Position of the European Parliament of 30 March 2004 (not yet published in the Official Journal) and Decision of the Council of 7 April 2004.
Latvian: Eiropas Parlamenta 2003. gada 25. septembra Atzinums (Oficiālajā Vēstnesī vēl nav publicēts), Padomes 2003. gada 8. decembra Kopējā nostāja , Eiropas Parlamenta 2004. gada 30. marta Nostāja (Oficiālajā Vēstnesī vēl nav publicēta) un Padomes 2004. gada 7. aprīļa Lēmums.
English: OPECE to insert reference to this Directive.
French: L'OPOCE insère les références de la présente directive.
German: Amt für Veröffentlichungen: Fundstelle der vorliegenden Richtlinie einfügen.
Spanish: 24 meses después de la entrada en vigor de la presente Directiva.
Italian: Ufficio pubblicazioni: inserire il numero della presente direttiva.
Portuguese: O SPOCE deverá inserir a data da presente directiva.
Dutch: 24 maanden na de inwerkingtreding van deze richtlijn.
Swedish: Publikationsbyrån fyller i hänvisningen till detta direktiv. (33) EUT L.
Greek: η ΥΕΕΕΚ να συμπληρώσει τα στοιχεία της παρούσας οδηγίας.
Polish: Dz.U. L [33] Wstawić odniesienie do niniejszej dyrektywy.
Hungarian: Az OPOCE-nak kell az ezen irányelvre történő hivatkozást beillesztenie.
Slovenian: OPOCE vstavi referenčne podatke te direktive.
Estonian: Ametlike Väjaannete Talitus lisab viite käesolevale direktiivile.
Latvian: Publikāciju birojs iekļauj atsauci uz šo direktīvu.
Lithuanian: OPOCE turi įterpti nuorodą į šią direktyvą.
Maltese: OPECE għandu jdaħħal referenza ma’ din id-Direttiva.
English: 24 months after the entry into force of this Directive.ANNEX I
Spanish: 24 meses después de la entrada en vigor de la presente Directiva. (41) 42 meses después de la entrada en vigor de la presente DirectivaANEXO I
Portuguese: 24 meses a contar da entrada em vigor da presente directiva. (45) 18 meses a contar da entrada em vigor da presente directiva.ANEXO I
Slovenian: 24 mesecev po začetku veljavnosti te direktive. PRILOGA I
Latvian: 24 mēnešus pēc šīs direktīvas stāšanās spēkā. I PIELIKUMS
English: I. Categories of client who are considered to be professionals
German: Kategorien von Kunden, die als professionelle Kunden angesehen werden
Spanish: I. Categorías de clientes que se consideran profesionales
Dutch: Categorieën cliënten die als professioneel worden aangemerkt
Greek: Κατηγορίες πελατών που θεωρούνται επαγγελματίες
Slovak: I. Kategórie klientov, ktoré sa považujú za profesionálov
Polish: I. Kategorie klientów, których uznaje się za branżowych
Bulgarian: Категории клиенти, които са считат за професионални клиенти
Estonian: Kliendikategooriad, keda käsitletakse kutseliste klientidena
Latvian: To klientu kategorijas, ko uzskata par profesionāļiem
Lithuanian: Profesionaliais laikomų klientų kategorijos
Maltese: Il-Kategoriji tal-klijent li huma kkunsidrati li huma professjonali
English: costs and associated charges so that they are reasonably able to understand the nature and risks of the investment service and of the specific type of financial instrument that is being offered and, consequently, to take investment decisions on an informed basis.
Estonian: kulud ja nendega seotud tasud, nii et nad on võimelised mõistma pakutava investeerimisteenuse ja konkreetse finantsinstrumendi liigi olemust ja riske ning sellest tulenevalt tegema informeeritud investeerimisotsuseid.
Maltese: l-ispejjeż u l-imposti assoċjati sabiex ikunu kapaċi b’mod raġjonevoli li jifhmu n-natura u r-riskji tas-servizz ta’ l-investiment u tat-tip speċifiku ta’ l-istrument finanzjarju li jkun qiegħed jiġi offrut u, b’konsegwenza ta’ dan, sabiex jieħdu deċiżjonijiet dwar l-investiment fuq bażi informat.
English: COMPETENT AUTHORITIES CHAPTER I
Estonian: PÄDEVAD AMETIASUTUSED I PEATÜKK
English: OPECE to insert reference to this Directive. (34) OPECE to insert reference to this Directive.
Dutch: Nummer van de onderhavige richtlijn in te voegen door het Publicatieblad.
Estonian: Ametlike Väljaannete Talitus lisab viite käesolevale direktiivile.
English: 24 months after the entry into force of this Directive.
French: 24 mois après l'entrée en vigueur de la présente directive.
German: 24 Monate nach Inkrafttreten der vorliegenden Richtlinie.
Spanish: 24 meses después de la entrada en vigor de la presente Directiva.
Italian: 24 mesi dopo l'entrata in vigore della presente direttiva. (45) 42 mesi dopo l'entrata in vigore della presente direttiva.
Portuguese: 24 meses a contar da entrada em vigor da presente directiva.
Dutch: 24 maanden nadat de richtlijn van kracht wordt.
Swedish: 24 månader efter det att detta direktiv trätt i kraft. (45) 42 månader efter det att detta direktiv trätt i kraft.
Finnish: 24 kuukauden kuluttua tämän direktiivin voimaantulosta.
Greek: 24 μήνες από την έναρξη ισχύος της παρούσας οδηγίας.
Polish: miesiące od daty wejścia w życie niniejszej dyrektywy.
Hungarian: 24 hónappal ezen irányelv hatálybalépését követően.
Slovenian: 24 mesecev po začetku veljavnosti te direktive.
Estonian: 24 kuud pärast käesoleva direktiivi jõustumist.
Latvian: 24 mēnešus pēc šīs direktīvas stāšanās spēkā.
Lithuanian: Praėjus 24 mėnesiams nuo šios direktyvos įsigaliojimo.
Maltese: 24 xahar wara d-dħul fis-seħħ ta’ din id-Direttiva. L-
English: In order to facilitate the finalisation of cross-border transactions, it is appropriate to provide for access to clearing and settlement systems throughout the Community by investment firms, irrespective of whether transactions have been concluded through regulated markets in the Member State concerned. Investment firms which wish to participate directly in other Member States' settlement systems should comply with the relevant operational and commercial requirements for membership and the prudential measures to uphold the smooth and orderly functioning of the financial markets.
Maltese: Sabiex tiġi ffaċilitata l-finalizzazzjoni tat-transazzjonijiet li jaqsmu l-fruntieri, huwa approprjat li jiġi pprovvdut l-aċċess għas-sistemi tal-clearance u tas-soluzzjoni tal-problemi fil-Komunità kollha mid-ditti ta’ l-investiment, irrispettivament minn jekk it-transazzjonijiet ikunux ġew konklużi pemezz tas-swieq irregolati fl-Istat Membru interessat, Id-ditti ta’ l-investiment li jixtiequ jipparteċipaw direttament fis-sistemi tas-soluzzjoni tal-problemi ta’ Stati Membri oħra għandhom jikkonformaw mal-ħtiġiet operattivi u kummerċjali rilevanti għas-sħubija u l-miżuri prudenzali sabiex isostnu l-funzjonament bla xkiel u bl-ordni tas-swieq finanzjarji.
English: are not allowed to hold clients' funds or securities and which for that reason are not allowed at any time to place themselves in debit with their clients, and - are not allowed to provide any investment service except the reception and transmission of orders in transferable securities and units in collective investment undertakings and the provision of investment advice in relation to such financial instruments, and
Maltese: ma jkollhiex il-permess li żżomm il-fondi jew it-titoli tal-klijenti u li għal din ir-raġuni ma titħalla fl-ebda ħin li tqiegħed lilha nfisha f’debitu mal-klijenti tagħha, u - ma jkollha l-permess li tipprovdi l-ebda servizz ta’ investiment għajr li tirċievi u tittrasmetti l-ordnijiet fit-titoli trasferibbli u l-unitajiet fl-impriżi ta’ investiment kollettiv u l-provvediment ta’ pariri dwar l-investimenti li jkollhom x’jaqsmu ma’ dawn l-istrumenti finanzjarji, u
English: Member States may include in the definition of investment firms undertakings which are not legal persons, provided that: (a) their legal status ensures a level of protection for third parties' interests equivalent to that afforded by legal persons, and
Hungarian: A tagállamok a befektetési vállalkozások meghatározásába fölvehetnek jogi személyiséggel nem rendelkező vállalkozásokat is, amennyiben: a) jogi formájuk biztosítja a harmadik felek érdekei védelmének olyan szintjét, amely egyenértékű a jogi személyek jogállásával biztosított védelemmel; valamint
Maltese: l-istatus legali tagħhom jiżgura livell ta’ protezzjoni lill-interessi ta’ partijiet terzi ekwivalenti għal dak li jista’ jingħata minn persuni legali, u (b) huma bla ħsara għas-sorveljanza prudenzali approprjata ekwivalenti għall-għamla legali tagħhom.
English: they are subject to equivalent prudential supervision appropriate to their legal form. However, where a natural person provides services involving the holding of third parties' funds or transferable securities, he may be considered as an investment firm for the purposes of this Directive only if, without prejudice to the other requirements imposed in this Directive and in Directive 93/6/EEC, he complies with the following conditions:
Maltese: Madankollu, meta persuna naturali tipprovdi servizzi li jinvolvu ż-żamma tal-fondi jew tat-titoli trasferibbli ta’ partijiet terzi, tista’ tiġi kkunsidrata bħala ditta ta’ l-investiment għall-għanijiet ta’ din id-Direttiva biss jekk, mingħajr preġudizzju għall-ħtiġiet l-oħra imposti b’din id-Direttiva u fid-Direttiva 93/6/KEE, il-persuna tikkonforma mal-kondizzjonijiet li ġejjin:
English: the derivative contracts mentioned in Section C 7 of Annex I that have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are cleared and settled through recognised clearing houses or are subject to regular margin calls - the derivative contracts mentioned in Section C 10 of Annex I that have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are traded on a regulated market or an MTF, are cleared and settled through recognised clearing houses or are subject to regular margin calls;
Maltese: il-kuntratti tad-derivattivi msemmija fit-Taqsima Ċ 10 ta’ l-Anness I li jkollhom il-karatteristiċi ta’ strumenti finanzjarji oħra derivattivi, filwaqt li jqisu jekk, fost ħwejjeġ oħra, jiġux kkummerċjati jew le f’suq irregolat jew MTF, ikklerjati u solvuti l-kontroversji permezz ta’ uffiċċji tal-clearance ikkonoxxuti jew le jew huma bla ħsara jew le għal sejħiet regolari tal-marġini;
English: "Branch" means a place of business other than the head office which is a part of an investment firm, which has no legal personality and which provides investment services and/or activities and which may also perform ancillary services for which the investment firm has been authorised; all the places of business set up in the same Member State by an investment firm with headquarters in another Member State shall be regarded as a single branch;
Maltese: "Fergħa" tfisser post tal-kummerċ għajr l-uffiċċju ewlieni li jagħmel parti minn ditta ta’ l-investiment, li ma għandux personalità legali u li jipprodi servizzi u/jew servizzi ta’ l-investiment u li jista’ wkoll iwettaq servizzi anċillari li għalihom tkun ġiet awtorizzata d-ditta ta’ l-investiment bil-kwartieri ġenerali fi Stat Membru ieħor għandu jiġi meqjus bħala fergħa waħdiena;
English: TITLE II AUTHORISATION AND OPERATING CONDITIONS FOR INVESTMENT FIRMS CHAPTER I CONDITIONS AND PROCEDURES FOR AUTHORISATION
Maltese: IT-TITOLU II KONDIZZJONIJIET GĦALL-AWTORIZZAZZJONI U L-OPERAT GĦAD-DITTI TA’ L-INVESTIMENT IL-KAPITOLU I KONDIZZJONIJIET U PROĊEDURI GĦALL-AWTORIZZAZZJONI
English: Article 5 Requirement for authorisation
Maltese: Artikolu 5 Il-Ħtieġa ta’ awtorizzazzjoni
English: By way of derogation from paragraph 1, Member States shall allow any market operator to operate an MTF, subject to the prior verification of their compliance with the provisions of this Chapter, excluding Articles 11 and 15. 3.
Maltese: Bħala deroga mill-paragrafu 1, l-Istati Membri jistgħu jippermettu lil kull operatur tas-suq li jopera MTF, bla ħsara għall-verifika minn qabel tal-konformità tiegħu mad-dispożizzjonijiet ta’ dan il-Kapitolu, minbarra l-Artikoli 11 u 15. 3.
English: This register shall be publicly accessible and shall contain information on the services and/or activities for which the investment firm is authorised. It shall be updated on a regular basis. 4.
Maltese: Dan ir-reġistru għandu jkun aċċessibbli b’mod pubbliku u għandu jkun fih tagħrif dwar is-servizzi u/jew l-attivitajiet li għalihom id-ditta ta’ l-investiment tkun awtorizzata. Għandu jiġi aġġornat fuq bażi regolari.
English: Each Member State shall require that: - any investment firm which is a legal person have its head office in the same Member State as its registered office, - any investment firm which is not a legal person or any investment firm which is a legal person but under its national law has no registered office have its head office in the Member State in which it actually carries on its business.
Maltese: Kull Stat Membru għandu jeħtieġ illi: - kull ditta ta’ investiment li hija persuna legali jkollha l-uffiċċju ewlieni tagħha fl-istess Stat Membru fejn ikollha l-uffiċċju rreġistrat tagħha, - kull ditta ta’ investiment li mhux persuna legali jew kull ditta ta’ investiment li hija peruna legali skond il-liġijiet nazzjonali tagħha imma ma għandha l-ebda uffiċċju rreġistrat, ikollha l-uffiċċju ewlieni tagħha fl-Istat Membru fejn twettaq il-kummerċ tagħha.
English: An applicant shall be informed, within six months of the submission of a complete application, whether or not authorisation has been granted. Article 8 Withdrawal of authorisations
Maltese: Applikant għandu jiġi mgħarraf, fi żmien sitt xhur mis-sottomissjoni ta’ applikazzjoni kkompletata, jekk tkunx ġiet konċessa l-awtorizzazzjoni jew le. Artikolu 8
English: Without prejudice to paragraph 4, the competent authority shall have up to three months from the date of the notification of a proposed acquisition provided for in the first subparagraph to oppose such a plan if, in view of the need to ensure sound and prudent management of the investment firm, it is not satisfied as to the suitability of the persons referred to in the first subparagraph. If the competent authority does not oppose the plan, it may fix a deadline for its implementation.
Maltese: Mingħajr preġudizzju għall-paragrafu 4, l-awtorità kompetenti għandu jkollha sa tliet xhur żmien mid-data tan-notifika ta’ l-akkwist propost ipprovvdut fl-ewwel sub-paragrafu sabiex topponi dan il-pjan jew, minħabba l-ħtieġa li tiżgura l-ġestjoni soda u prudenti tad-ditta ta’ l-investiment, ma tkunx sodisfatta rigward kemm ikunu xierqa l-persuni riferiti fl-ewwel sub-paragrafu. Jekk l-awtorità kompetenti ma topponix il-pjan, tista’ tiffissa temma taż-żmien għall-implimentazzjoni tiegħu.