Insurance or assurance undertakings the activities of which are subject to appropriate monitoring by the competent prudential-supervision authorities and which are subject to Council Directive 64/225/EEC of 25 February 1964 on the abolition of restrictions on freedom of establishment and freedom to provide services in respect of reinsurance and retrocession ( 6 ), First Council Directive 73/239/EEC of 24 July 1973 on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of direct insurance other than life assurance ( 7 ) and Council Directive 2002/83/EC of 5 November 2002 concerning life assurance ( 8 ) should be excluded.
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New version applies from 04/01/2011 — introduced by Directive 2010/78/EU.
103 provisions change.
Later versions: 03/01/2018.
Recital 10 changes in this version: compare with the current text.