Recital 31

Whereas technical adjustments to the detailed rules laid down in this Directive may be necessary from time to time to take account of the future development of the insurance industry; whereas the Commission will make such adjustments as and when necessary, after consulting the Insurance Committee set up by Directive 91/675/EEC(8)91/675/EEC ,( 8 ), in the exercise of the implementing powers conferred on it by the Treaty;