(31)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.
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New version applies from 21/09/2007 — introduced by Directive 2007/44/EC.
121 provisions change.
Later versions: 25/12/2007, 21/03/2008, 17/08/2009, 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.