(9)This Directive follows the approach of Community legislation adopted in respect of direct insurance by carrying out the harmonisation which is essential, necessary and sufficient to ensure the mutual recognition of authorisations and prudential control systems, thereby making it possible to grant a single authorisation valid throughout the Community and apply the principle of supervision by the home Member State.
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New version applies from 21/09/2007 — introduced by Directive 2007/44/EC.
114 provisions change.
Later versions: 21/03/2008, 01/07/2013.
Recital 9 changes in this version: compare with the current text.