25It follows from the Court’s settled case-law that the measures prohibited by Article 63(1) TFEU, as restrictions on the movement of capital, include those that are such as to discourage non-residents from making investments in a Member State or to discourage that Member State’s residents from doing so in other States (see judgment in C‑338/11 to C‑347/11 Santander Asset Management SGIIC and Others, EU:C:2012:286, paragraph 15 and the case-law cited, and judgment in C‑375/12 Bouanich, EU:C:2014:138, paragraph 43).
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