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Article 257 Administrative, management or supervisory body of insurance holding companies and mixed financial holding companiesF1

United Kingdom

Original text. Later amendments are not shown.

Member States shall require that all persons who effectively run the insurance holding company or the mixed financial holding company are fit and proper to perform their duties.

Article 42 shall apply mutatis mutandis .

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Textual amendments

F1

Substituted by Directive 2011/89/EU of the European Parliament and of the Council of 16 November 2011 amending Directives 98/78/EC, 2002/87/EC, 2006/48/EC and 2009/138/EC as regards the supplementary supervision of financial entities in a financial conglomerate (Text with EEA relevance).