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The amendment empowering company managers in a takeover situation "runs contrary to one of the fundamental elements of the directive," he said.
In one slide dated 9 August 2012, PMI discusses whether its strategic objective is to "push" (ie remove elements of the directive) or to "delay" it.
In one slide dated 9 August 2012, PMI discusses whether its strategic objective is to "push" (ie remove elements of the directive) or to "delay" it.
However, some elements of the directive could still pose problems for scientists.
Member states will have to include the new elements of the Directive into national law by 30 June 2021.
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However, the Commission made sure to emphasise the market-making element of the directive.
Britain, however, has led a fight against elements of the proposed directive, fearing that the rules threaten the position of the City of London as a global financial hub while doing little to protect the financial system.
The new elements of the revised directive will apply to the transport sector once the sector-specific legislation, included in the Mobility Package, enters into force.
The measures, designed to amend non-essential elements of this Directive, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 14(3).
(29) Article 35 shall be replaced by the following:" Measures designed to amend non-essential elements of this Directive and necessary to adapt Annexes I, II, III, and VI to technological developments or to changes in market demand shall be adopted by the Commission in accordance with the regulatory procedure with scrutiny referred to in Article 37(2).
Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 14a(2).
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