Member States may allow insurance undertakings with head offices in their territories, the buildings and land of which that cover their technical provisions exceed, at the time of the notification of this Directive, the percentage laid down in Article 22 (1) (a), a period expiring no later than 31 December 1998 within which to comply with that provision.
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New version applies from 13/04/2005 — introduced by Directive 2005/1/EC.
93 provisions change.
Later versions: 10/12/2005, 21/09/2007, 21/03/2008.
Article 48 moves to another heading in this version: compare.