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Document 11985I064

DOCUMENTS CONCERNING THE ACCESSION OF THE KINGDOM OF SPAIN AND THE PORTUGUESE REPUBLIC TO THE EUROPEAN COMMUNITIES, ACT CONCERNING THE CONDITIONS OF ACCESSION OF THE KINGDOM OF SPAIN AND THE PORTUGUESE REPUBLIC AND THE ADJUSTMENTS TO THE TREATIES, ARTICLE 64

OL L 302, 1985 11 15, p. 37 (DA, DE, EL, EN, FR, IT, NL)

Legal status of the document In force

ELI: http://data.europa.eu/eli/treaty/acc_1985/act_1/art_64/sign

11985I064

DOCUMENTS CONCERNING THE ACCESSION OF THE KINGDOM OF SPAIN AND THE PORTUGUESE REPUBLIC TO THE EUROPEAN COMMUNITIES, ACT CONCERNING THE CONDITIONS OF ACCESSION OF THE KINGDOM OF SPAIN AND THE PORTUGUESE REPUBLIC AND THE ADJUSTMENTS TO THE TREATIES, ARTICLE 64

Official Journal L 302 , 15/11/1985 P. 0037


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Article 64

The Kingdom of Spain may postpone , until 31 December 1988 , the liberalization of acquisition in the other Member States by persons resident in Spain of foreign securities dealt in on a stock exchange .

However , the liberalization of the acquisition :

- of these securities by insurance companies , deposit banks , industrial banks up to 10 % of the increase of their own resources ,

- of these securities by investment funds and companies dealing in personal property , under the conditions laid down by national provisions governing such funds and companies ,

- of fixed income securities , issued by the European Communities and the European Investment Bank ,

shall take place on accession .

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