62In the second place, as is apparent from the considerations set out in paragraph 45 above, it should be recalled that the second subparagraph of Article 5(4) of Directive 2004/25 provides that, subject to compliance with the principles set out in Article 3(1), Member States may authorise their supervisory authorities, referred to in Article 4 of that directive, to adjust the equitable price in circumstances and in accordance with criteria that are clearly determined (judgment of 20 July 2017, Marco Tronchetti Provera and Others, C‑206/16, EU:C:2017:572, paragraph 31).
Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.