(15)Certain mutual associations which, by virtue of their legal status, fulfil requirements as to security and other specific financial guarantees should be excluded from the scope of this Directive. Certain organisations whose activity covers only a very restricted sector and is limited by their articles of association should also be excluded.
◷
New version applies from 20/03/2008 — introduced by Directive 2008/19/EC.
67 provisions change.
Later versions: 01/07/2013, 01/01/2016.
Recital 15 changes in this version: compare with the current text.