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EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

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(b) where the intermediary is a legal person, the Member State in which its<br />

registered office is situated or, if under its national law it has no registered<br />

office, the Member State in which its head office is situated;<br />

2002/92/EC (adapted)<br />

new<br />

1310. 'host Member State' means the Member State in which an insurance or reinsurance<br />

intermediary has a branch permanent presence or establishment or provides<br />

services and which is not its home Member State ;<br />

1412. 'durable medium' means a durable medium any instrument which enables the<br />

customer to store information addressed personally to him in a way accessible for<br />

future reference for a period of time adequate to the purposes of the information and<br />

which allows the unchanged reproduction of the information stored. as defined in<br />

Article 2(m) of Directive 2009/65/EC; In particular, durable medium covers<br />

floppy disks, CD-ROMs, DVDs and hard drives of personal computers on which<br />

electronic mail is stored, but it excludes Internet sites, unless such sites meet the<br />

criteria specified in the first paragraph.<br />

new<br />

(15) 'cross-selling practice' means the offering of an insurance service or product together<br />

with another service or product as part of a package or as a condition of taking<br />

another agreement or package;<br />

(16) 'close links' means a situation referred to in Article 4(31) of Directive [MIFID II];<br />

(17) 'primary place of business' means the location from where the main business is<br />

managed;<br />

(18) 'remuneration' means any commission, fee, charge or other payment, including an<br />

economic benefit of any kind, offered or given in connection with insurance<br />

mediation activities.<br />

(19) 'tying practice' means the offering of one or more ancillary services with an<br />

insurance service or product in a package where this insurance service or product is<br />

not made available to the consumer separately.<br />

(20) 'bundling practice' means the offering of one or more ancillary services with an<br />

insurance service or product in a package where this insurance service or product is<br />

also made available to the consumer separately but not necessarily on the same terms<br />

or conditions as when offered bundled with the ancillary services.<br />

EN 33 EN

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