Finally, in the light of the above and with the current legislature about to end, it would be more appropriate for the next Commission to decide on how to proceed on this issue of the transfer of a company's registered office.

We also voted on another report by Mr Lehne today, in which he makes recommendations for improving the cross-border transfer of company registered offices.

Where the participating insurance or reinsurance undertaking or the insurance holding company or the mixed financial holding company referred to in Article 213(2)(a) and (b) is itself a subsidiary undertaking of another insurance or reinsurance undertaking or of another insurance holding company or of another mixed financial holding company which has its head office in the Union, Articles 218 to 258 shall apply only at the level of the ultimate parent insurance or reinsurance undertaking, insurance holding company or mixed financial holding company which has its head office in the Union.

That principle provides that a company’s financial health and the adequacy of its reserves should be monitored only by the authorities in the country in which that company’s registered office is situated.

‘home Member State’ shall mean the Member State in which the head office of the assurance undertaking covering the commitment is situated.

– (DE) Experience shows that the economic operators want to have the option of paying import duties in the place where their headquarters in the Union is located.