(9)The competent authorities should not authorise or continue the authorisation of an assurance undertaking where they are liable to be prevented from effectively exercising their supervisory functions by the close links between that undertaking and other natural or legal persons. Assurance undertakings already authorised must also satisfy the competent authorities in that respect.
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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 9 changes in this version: compare with the current text.