(16)Whereas insolvency proceedings should not have a retroactive effect on the rights and obligations of participants in a system;
◷
New version applies from 30/06/2009 — introduced by Directive 2009/44/EC.
40 provisions change.
Later versions: 04/01/2011, 16/08/2012, 17/09/2014, 27/06/2019, 08/04/2024.
Recital 16 changes in this version: compare with the current text.