(40)In order to avoid distortions of competition, public credit institutions must not include in their own funds guarantees granted them by the Member States or local authorities.
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New version applies from 29/03/2006 — introduced by Commission Directive 2006/29/EC.
74 provisions change.
Later versions: 20/07/2006.
Recital 40 changes in this version: compare with the current text.