(29)If the institution does not work on a cross-border basis, Member States should be able to permit underfunding provided that a proper plan is established to restore full funding and without prejudice to the requirements of Council Directive 80/987/EEC of 20 October 1980 on the approximation of the laws of the Member States relating to the protection of employees in the event of the insolvency of their employer 4.
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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 29 changes in this version: compare with the current text.
Recital 29
- 4 OJ L 283, 28.10.1980, p. 23. Directive as last amended by Directive 2002/74/EC of the European Parliament and of the Council (OJ L 270, 8.10.2002, p. 10). ↩