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Recital 22

Recital 22

(22)This Directive should apply to reorganisation measures adopted by a competent authority of a Member State principles which are similar "mutatis mutandis" to those provided for in winding-up proceedings. The publication of such reorganisation measures should be limited to the case in which an appeal in the home Member State is possible by parties other than the insurance undertaking itself. When reorganisation measures affect exclusively the rights of shareholders, members or employees of the insurance undertaking considered in those capacities, the competent authorities should determine the manner in which the parties affected should be informed in accordance with relevant legislation.

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