Article 2

Council Directive 76/580/EEC of 29 June 1976 amending Directive 73/239/EEC on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of direct insurance other than life assurance · European Union

As an transitional measure and until the amounts expressed in units of account in Directive 73/239/EEC have been amended for the first time, the amounts expressed in national currency for conversion of the unit of account, as defined in Article 5 (a), shall not be less than those derived according to the rate of conversion applicable to the unit of account before the adoption of this Directive.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-06 · Text as adopted (Official Journal); later amendments are not incorporated in this text.