OpenLegislation

Article 42 Exemptions to provisions on disclosure of accounting documents for branches

United Kingdom

Original text. Later amendments are not shown.

1.

Articles 31 and 38 shall not apply to branches opened by credit institutions and financial institutions covered by Council Directive 89/117/EECf1.

2.

Pending subsequent coordination, the Member States need not apply Articles 31 and 38 to branches opened by insurance companies.

Annotations

Footnotes

f1

Council Directive 89/117/EEC of 13 February 1989 on the obligations of branches established in a Member State of credit institutions and financial institutions having their head offices outside that Member State regarding the publication of annual accounting documents (OJ L 44, 16.2.1989, p. 40).

Notes on Chapter III

Textual amendments

F1

Substituted by Directive (EU) 2019/1151 of the European Parliament and of the Council of 20 June 2019 amending Directive (EU) 2017/1132 as regards the use of digital tools and processes in company law (Text with EEA relevance).