(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 04/01/2011 — introduced by Commission Directive 2009/83/EC, Directive 2010/76/EU (CRD), Directive 2010/78/EU.
141 provisions change.
Later versions: 09/12/2011, 01/07/2013, 01/01/2014.
Recital 31 changes in this version: compare with the current text.