Recital 12
Financial servicesLevel 1RegulationMiCAIn forceIn force on the date shown, by the dates in the Official Journal.VerifiedIdentical to the official source.Official source
It is appropriate to exclude certain intragroup transactions and some public entities from the scope of this Regulation as they do not pose risks to investor protection, market integrity, financial stability, the smooth operation of payment systems, monetary policy transmission or monetary sovereignty. Public international organisations that are exempt include the International Monetary Fund and the Bank for International Settlements.