(3)Paragraph 5 of Article 227 of Directive 2009/138/EC provides for a determination of fixed-duration provisional equivalence for third countries whose insurance solvency regimes meet certain criteria. A determination of provisional equivalence is valid for a period of 10 years with possibility of renewal.
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New version applies from 29/12/2015.
14 provisions change.
Later versions: 01/01/2016.
Recital 3 changes in this version: compare with the current text.