The current definition is far from precise; it should, however, include a more targeted reference to the fact that the relevant 'business relationships' are only those specifically connected with the typical activities carried out by the institutions and persons which have to fulfil the obligations laid down by the Directive.
The current definition is far from precise; it should, however, include a more targeted reference to the fact that the relevant 'business relationships' are only those specifically connected with the typical activities carried out by the institutions and persons which have to fulfil the obligations laid down by the Directive.