Different approaches to regulating the market Sample Clauses

Different approaches to regulating the market. A number of different ways of regulating the market other than through the use of reserves of activities within regulated professions were identified through the research. These include: • Regulating the market through reserved professional titles and designatory letters45 whose usage is protected by law and overseen by professional associations that are designated as regulatory authorities within the scope of Article 3(2) of Directive 2005/36/EC. • Regulating professions through an activity-based approach rather than requiring individual professionals to hold specific professional qualifications. In order to facilitate the exercise of these activities, some Member States have chosen not to reserve the activities concerned to the holders of specific professional qualifications but to require that the legal entity providing particular service activities must have at least one person holding the required qualifications. • Self-regulation - a number of examples were identified of professions that were formerly regulated that are now self-regulated, such as a tourist guide (CZ), and a real estate agent (ES, NL) • The use of licensing schemes (not linked to a specific professional qualification requirement) and certification systems.
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