Court of Justice of the European Communities (Fifth Chamber).

P Jann, President of the Chamber, A La Pergola, L Sevón (Rapporteur), M Wathelet and CWA Timmermans, JJ, D Ruiz-Jarabo Colomer, Advocate General.

Judgment delivered 13 December 2001.

Exempt transactions – Transactions in securities – Negotiation in securities – Provision of call centre service – Whether provision of information on financial product and processing of investment applications qualified for exemption – Council Directive 77/388, art. 13(B)(d)(5).

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