{
  "url": "https://openlegislation.uk/eu-directive-1988-361/annex-IV",
  "json_url": "https://openlegislation.uk/eu-directive-1988-361/annex-IV.json",
  "legislation": "eudr/1988/361",
  "legislation_title": "Council Directive of 24 June 1988 for the implementation of Article 67 of the Treaty (88/361/EEC)",
  "legislation_url": "https://openlegislation.uk/eu-directive-1988-361",
  "path": "annex/IV",
  "kind": "annex",
  "number": "IV",
  "heading": "REFERRED TO IN ARTICLE 6 (2) OF THE DIRECTIVE",
  "text": "I.. The Portuguese Republic may continue to apply or reintroduce, until 31 December 1990 restrictions existing on the date of notification of the Directive on capital movements given in List I below:\nLIST I\nCouncil Directive 85/611/EEC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ No L 375, 31. 12. 1985, p. 3).\nNature of operation\nHeading\nOperations in units of collective investment undertakings\n—\nacquisition by residents of units of foreign collective investment undertakings dealt in on a stock exchange\nIV-A-2 (a)\n—\nundertakings subject to Directive 85/611/EEC and taking the form of common funds\n—\nAcquisition by residents of units of foreign collective investment undertakings not dealt in on a stock exchange\nIV-A-4 (a)\n—\nundertakings subject to Directive 85/611/EEC\nII.. The Kingdom of Spain and the Portuguese Republic may continue to apply or reintroduce, until 31 December 1990 and 31 December 1992 respectively, restrictions existing on the date of notification of the Directive on capital movements given in List II below:\nLIST II\nSee footnote to List I.\nNature of operation\nHeading\nOperations in securities normally dealt in on the capital market\n—\nAcquisition by residents of foreign securities dealt in on a stock exchange\nIII-A-2 (b)\n—\nbonds issued on a foreign market and denominated in national currency\n—\nAcquisition by residents (non-residents) of foreign (domestic) securities not dealt in on a stock exchange\nIII-A-3 and 4\n—\nAdmission of securities to the capital market\nIII-B-1 and 2\n—\nwhere they are dealt in on or in the process of introduction to a stock exchange in a Member State\nOperations in units of collective investment undertakings\n—\nAcquisition by residents of units of foreign collective investment undertakings dealt in on a stock exchange\nIV-A-2\n—\nundertakings not subject to Directive 85/611/EEC and taking the form of common funds\n—\nAcquisition by residents (non-residents) of units of foreign (domestic) collective investment undertakings not dealt in on a stock exchange\nIV-A-3 and 4\n—\nundertakings not subject to Directive 85/611/EEC and the sole object of which is the acquisition of assets that have been liberalized\n—\nAdmission to the capital market of units of collective investment of undertakings\nIV-B-1 and 2 (a)\n—\nundertakings subject to Directive 85/611/EEC\n—\nCredits related to commercial transactions or to the provision of services in which a resident is participating\nVII-A and B-3\n—\nLong-term credits\nIII.. The Hellenic Republic, the Kingdom of Spain, Ireland and the Portuguese Republic may, until 31 December 1992, continue to apply or reintroduce restrictions existing at the date of notification of the Directive on capital movements given in List III below:\nLIST III\nSee footnote to List I.\nNature of operation\nHeading\nOperations in securities dealt in on the capital market\n—\nAdmission of securities to the capital market\nIII-B-1 and 2\n—\nwhere they are not dealt in on or in the process of introduction to a stock exchange in a Member State\nOperations in units of collective investment undertakings\n—\nAdmission to the capital market of units of collective investment undertakings\nIV-B-1 and 2\n—\nundertakings not subject to Directive 85/611/EEC and the sole object of which is the acquisition of assets that have been liberalized\nFinancial loans and credits\nVIII-A, B-2 and 3\n—\nmedium-term and long-term\nIV.. The Hellenic Republic, the Kingdom of Spain, Ireland and the Portuguese Republic may, until 31 December 1992, defer liberalization of the capital movements given in List IV below:\nLIST IV\nNature of operation\nHeading\nOperations in securities and other instruments normally dealt in on the money market\nV\nOperations in current and deposit accounts with financial institutions\nVI\nOperations in units of collective investment undertakings\nIV-A and B (c)\n—\nundertakings for investment in securities or instruments normally dealt in on the money market\nFinancial loans and credits\nVIII-A and B-1\n—\nshort term\nPersonal capital movements\nXI-A\n—\nloans\nPhysical import and export of financial assets\nXII\n—\nsecurities normally dealt in on the money market\n—\nmeans of payment\nOther capital movements: Miscellaneous\nXIII-F",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Council Directive 85/611/EEC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ No L 375, 31. 12. 1985, p. 3)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "See footnote to List I."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "See footnote to List I."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/1988/361/annex/IV",
    "retrieved_at": "2026-11-01T15:23:31.505532+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}