Dette direktiv berører imidlertid ikke eksisterende fællesskabsret om andele, der udstedes af andre institutter for kollektiv investering end institutter af den lukkede type, eller om andele, der erhverves eller afhændes i sådanne institutter.
However, this Directive does not affect existing Community legislation on units issued by collective investment undertakings other than the closed-end type, or on units acquired or disposed of in such undertakings.