Member States may allow any undertakings referred to in paragraph 1 which, upon expiry of the five-year period, have not fully established the solvency margin, a further period not exceeding two years in which to do so provided that such undertakings have, in accordance with Article 20 of the First Directive, submitted for the approval of the supervisory authority the measures which they propose to take for that purpose.
Države članice lahko vsem podjetjem iz odstavka 1, ki po izteku petletnega obdobja niso v celoti oblikovala minimalnega kapitala, dovolijo dodatno obdobje, ki ni daljše od dveh let, v katerem naj to storijo, pod pogojem, da so takšna podjetja skladno s členom 20 Prve direktive nadzornemu organu v odobritev poslala ukrepe, ki jih predlagajo v ta namen.