Judgment_paragraph 91 · College Pension Plan of British Columbia v Finanzamt München Abteilung III (C-641/17)

91According to Article 64(1) TFEU, the provisions of Article 63 are without prejudice to the application to third countries of any restrictions which existed on 31 December 1993 under national or EU law adopted in respect of the movement of capital to or from third countries involving direct investment — including in real estate — establishment, the provision of financial services or the admission of securities to capital markets.