# Council Directive of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings (91/674/EEC), Article 45

Extent: E+W+S+N.I.

Article 32 of Directive 78/660/EEC, under which the valuation of items shown in the annual accounts must be based on the principle of purchase price or production cost, shall apply to investment subject to Articles 46 to 49 of this Directive.

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Source: https://www.legislation.gov.uk/eudr/1991/674/article/45 (the official version)
Page: https://openlegislation.uk/eu-directive-1991-674/article-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.