# Council Directive of 24 June 1988 for the implementation of Article 67 of the Treaty (88/361/EEC), Annex III: REFERRED TO IN ARTICLE 5 OF THE DIRECTIVE

Extent: E+W+S+N.I.

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

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Source: https://www.legislation.gov.uk/eudr/1988/361/annex/III (the official version)
Page: https://openlegislation.uk/eu-directive-1988-361/annex-III
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.