A Member State shall not apply to reinsurance undertakings having their head offices outside the Community and commencing or carrying out reinsurance activities in its territory provisions which result in a treatment more favourable than that accorded to reinsurance undertakings having their head office in that Member State.
◷
New version applies from 21/09/2007 — introduced by Directive 2007/44/EC.
114 provisions change.
Later versions: 21/03/2008, 01/07/2013.
Article 49 changes in this version: compare with the current text.
Article 49 - Principle and conditions for conducting reinsurance business
Article 49
Principle and conditions for conducting reinsurance business