(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 23/02/2016 — introduced by Insurance Distribution Directive (IDD).
29 provisions change.
Recital 14 changes in this version: compare with the current text.