A Member State shall not apply to reinsurance undertakings having their head offices outside the Community and commencing or carrying out reinsurance activities in its territory provisions which result in a treatment more favourable than that accorded to reinsurance undertakings having their head office in that Member State.
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Chapter 4 · Reinsurance undertakings in difficulty or in an irregular situation and withdrawal of authorisation › Article 49
Principle and conditions for conducting reinsurance business
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