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New version applies from 01/01/2016 — introduced by Directive 2013/58/EU. 145 provisions change. Recital 15 is deleted from 01/01/2016.

Recital 15

Recital 15

(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.

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