Annex III REFERRED TO IN ARTICLE 5 OF THE DIRECTIVE
United Kingdom
Scope of the provisions of the 1985 Act of Accession relating to capital movements, in accordance with the Nomenclature of capital movements set out in Annex I to the Directive
| Articles of the Art of Accession (dates of expiry of transitional provisions) | Nature of operation | Heading |
|---|---|---|
| (a) Provisions concerning the Kingdom of Spain | ||
| Article 62 (31.12.1990) | Direct investments abroad by residents | I-B |
| Article 63 (31.12.1990) | Investments in real estate abroad by residents | II-B |
| Article 64 (31.12.1988) | Operations in securities normally dealt in on the capital market | |
| — Acquisition by residents of foreign securities dealt in on a stock exchange | III-A-2 | |
| — excluding bonds issued on a foreign market and denominated in national currency | ||
| Operations in units of collective investment undertakings | ||
| — Acquisition by residents of units of collective investment undertakings dealt in on a stock exchange | IV-A-2 | |
| — excluding units of undertakings taking the form of common funds | ||
| (b) Provisions concerning the Portuguese Republic | ||
| Article 222 (31.12.1989) | Direct investments on national territory by non-residents | I-A |
| Article 224 (31.12.1992) | Direct investments abroad by residents | I-B |
| Articles 225 and 226 (31.12.1990) | Investments in real estate on national territory by non-residents | II-A |
| Article 227 (31.12.1992) | Investments in real estate abroad by residents | II-B |
| Article 228 (31.12.1990) | Personal capital movements | |
| (i) for the purpose of applying the higher amounts specified in Article 228 (2): | ||
| — Dowries | XI-C | |
| — Inheritances and legacies | XI-D | |
| — Transfers of assets built up by residents in case of emigration at the time of their installation or during their period of stay abroad | XI-F | |
| (ii) for the purpose of applying the lower amounts specified in Article 228 (2): | ||
| — Gifts and endowments | XI-B | |
| — Settlement of debts by immigrants in their previous country of residence | XI-E | |
| — Transfers of immigrants' savings to their previous country of residence during their period of stay | XI-G | |
| Article 229 (31.12.1990) | Operations in securities normally dealt in on the capital market | |
| — Acquisition by residents of foreign securities dealt in on a stock exchange | III-A-2 | |
| — excluding bonds issued on a foreign market and denominated in national currency | ||
| Operations in units of collective investment undertakings | ||
| — Acquisition by residents of units of foreign collective investment undertakings dealt in on a stock exchange | IV-A-2 | |
| — excluding units of undertakings taking the form of common funds | ||