Directive 2006/48/EC (opens EUR-Lex in a new tab) of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions ⁽²⁾ and Directive 2006/49/EC (opens EUR-Lex in a new tab) of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions ⁽³⁾ have been significantly amended on several occasions. Many provisions of Directives 2006/48/EC and 2006/49/EC are applicable to both credit institutions and investment firms. For the sake of clarity and in order to ensure a coherent application of those provisions, they should be merged into new legislative acts that are applicable to both credit institutions and investment firms, namely this Directive and Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 ⁽⁴⁾. For greater accessibility, the provisions of the Annexes to Directives 2006/48/EC and 2006/49/EC should be integrated into the enacting terms of this Directive and of that Regulation.