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New version applies from 21/07/2011 — introduced by Alternative Investment Fund Managers Directive (AIFMD). 45 provisions change. Later versions: 20/06/2013, 13/01/2019. Recital 27 changes in this version: compare with the current text.

Recital 27

Recital 27

(27)Risks covered by institutions vary significantly from one Member State to another. Home Member States should therefore have the possibility of making the calculation of technical provisions subject to additional and more detailed rules than those laid down in this Directive.

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