In order to avoid distortions of competition, public credit institutions should not include in their own funds guarantees granted them by the Member States or local authorities.
◷
New version applies from 17/08/2009 — introduced by Commission Directive 2009/83/EC.
82 provisions change.
Later versions: 30/10/2009, 07/12/2009, 30/03/2010, 04/01/2011, 09/12/2011, 01/07/2013, 01/01/2014.
Recital 31 changes in this version: compare with the current text.