European Commission 31 December 1980, Proposals for a Council Directive coordinating the requirements for the drawing up, scrutiny and distribution of the prospectus to be published when securities are offered for subscription or sale to the public

31. 12.80 Official Journal of the European Communities No C 355/39 INITIAL PROPOSAL NEW PROPOSAL subparagraphs (a) and (b), limit or prohibit termi- nation of the contract by the insurer. Ankles 11 and 12 (unchanged). Article 13 Article 13 Member States shall bring into force the measures necessary to comply with this Directive within 18 months of its notification.