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EU competition law and the financial services sector

CHAPTER 4 THE RECENT PAST SCENARIO: REGULATION 358/2003 4.1 REGULATION 358/2003 Six years after the entry into force of Regulation 3932/92, the European Commission released a report on the operation of the new block exemption regulatory framework. 1 2 The aim of the report was to assess the practical impact of the exemption in the insurance sector with the view to operate changes and review Regulation 3932/92. 3

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