(14)Insurance and reinsurance intermediaries should be registered with the competent authority of the Member State where they have their residence or their head office, provided that they meet strict professional requirements in relation to their competence, good repute, professional indemnity cover and financial capacity.
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New version applies from 02/07/2014 — introduced by Directive 2014/65/EU (MIFID II).
48 provisions change.
Later versions: 23/02/2016.
Recital 14 changes in this version: compare with the current text.