Provision should be made to define the application of this Directive to existing reinsurance undertakings which were already authorised or entitled to conduct reinsurance business in accordance with the provisions of the Member States before the application of this Directive.
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New version applies from 01/07/2013 — introduced by Council Directive 2013/23/EU.
46 provisions change.
Recital 20 changes in this version: compare with the current text.