1. MEMBER STATES SHALL NOT PRESCRIBE ANY RULES AS TO THE CHOICE OF THE ASSETS IN EXCESS OF THOSE REPRESENTING THE RESERVES REFERRED TO IN ARTICLE 17.
2. SUBJECT TO ARTICLE 17 (2), ARTICLE 24 (1) AND (3) AND THE LAST SUBPARAGRAPH OF ARTICLE 26 (1), MEMBER STATES SHALL NOT RESTRAIN THE FREE DISPOSAL OF ASSETS, WHETHER MOVABLE OR IMMOVABLE, FORMING PART OF THE ASSETS OF AUTHORIZED UNDERTAKINGS.
3. THIS ARTICLE SHALL NOT PRECLUDE ANY MEASURES WHICH MEMBER STATES, WHILE OBSERVING THE RULES PREVAILING IN COUNTRIES WHERE ACTIVITIES ARE CARRIED ON AS REQUIRED UNDER ARTICLE 17 (2) AND WHILE SAFEGUARDING THE INTERESTS OF POLICY-HOLDERS, ARE ENTITLED TO TAKE AS OWNERS OR MEMBERS OR ASSOCIATES OF THE UNDERTAKINGS IN QUESTION.