It is important to introduce Community coordination on the winding-up of assurance undertakings. It is henceforth essential to provide, in the event of the winding-up of an assurance undertaking, that the system of protection in place in each Member State must guarantee equality of treatment for all assurance creditors, irrespective of nationality and of the method of entering into the commitment.
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New version applies from 01/01/2016 — introduced by Directive 2013/58/EU.
145 provisions change.
Recital 56 is deleted from 01/01/2016.