Provision should be made for a system of penalties to be imposed when, in the Member State in which the commitment is entered into, an assurance undertaking does not comply with those provisions protecting the general good that are applicable to it.
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New version applies from 13/04/2005 — introduced by Directive 2005/1/EC.
68 provisions change.
Later versions: 10/12/2005, 01/01/2007, 21/09/2007, 20/03/2008, 01/07/2013, 01/01/2016.
Recital 49 changes in this version: compare with the current text.