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Article 66 - Specification of amount relating to an unlimited amount of ancillary own funds

Comparing 18/01/2015 → 02/04/2016: 0 added, 0 removed, 2 changed Close comparison

1. 1. The supervisory authorities shall not approve an unlimited amount of ancillary own funds.

2. 2. Where the supervisory authorities approve an amount of ancillary own funds, the decision of the supervisory authorities shall specify whether the amount that has been approved is the amount for which the insurance or reinsurance undertaking has applied or a lower amount.

Official text · consolidated version 02/04/2016 (no longer in force) Open full page ↗
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