This Directive should be applicable to finite reinsurance activities; therefore, a definition of finite reinsurance for the purposes of this Directive is necessary; owing to the special nature of this line of reinsurance activity, the home Member State should be given the option of laying down specific provisions for the pursuit of finite reinsurance activities. These provisions could differ from the general regime laid down in this Directive on a number of specific points.
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New version applies from 01/07/2013 — introduced by Council Directive 2013/23/EU.
46 provisions change.
Recital 31 changes in this version: compare with the current text.