Provision should be made for a flexible procedure to make it possible to assess prudential equivalence with third countries on a Community basis, so as to improve liberalisation of reinsurance services in third countries, be it through establishment or cross-border provision of services. To that end, this Directive should provide for procedures for negotiating with third countries.
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New version applies from 21/03/2008 — introduced by Directive 2008/37/EC.
46 provisions change.
Later versions: 01/07/2013.
Recital 38 changes in this version: compare with the current text.