Article 22

The Commission shall decide on any technical adaptations in the following areas in accordance with the procedure referred to in Article 42(2): clarification of the definitions in Article 3 in order to ensure uniform application of this Directive; clarification of the definitions in Article 3 to take account of developments on financial markets; adjustment of the amounts of initial capital prescribed in Articles 5 to 9 and the amount referred to in Article 18(2) to take account of developments in the economic and monetary field; adjustment of the categories of investment firms in Article 20(2) and (3) to take account of developments on financial markets; clarification of the requirement laid down in Article 21 to ensure uniform application of this Directive; alignment of terminology on and the framing of definitions in accordance with subsequent acts on institutions and related matters; adjustment of the technical provisions in Annexes I to VII as a result of developments on financial markets, risk measurement, accounting standards or requirements which take account of Community legislation or which have regard to convergence of supervisory practices; or technical adaptations to take account of the outcome of the review referred to in Article 65(3) of Directive 2004/39/EC. None of the implementing measures enacted may change the essential provisions of this Directive

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Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.