Each Member State shall, under the conditions laid down by national law, authorize undertakings established within its territory to transfer all or part of their portfolios of contracts concluded in the circumstances referred to in Article 10 (1) to an accepting office established in the same Member State if the supervisory authorities of the Member State in which the head office of the accepting office is situated certify that the accepting office possesses the necessary margin of solvency after taking the transfer into account and if it fulfils the conditions set out in Articles 11, 12, 14 and 16 in the Member State of provision of services.
Vsaka država članica pod pogoji, določenimi v nacionalnem pravu, odobri podjetjem, ustanovljenim na njenem območju, prenos celotnega ali dela portfelja pogodb, sklenjenih v okoliščinah iz člena 10(1), prevzemni poslovalnici, ustanovljeni v isti državi članici, če nadzorni organi države članice, v kateri je sedež prevzemne poslovalnice, potrdijo, da ima ta po prejemu prenosa na račun ustrezen minimalni kapital in če izpolnjuje pogoje iz členov 11, 12, 14 in 16 v državi članici, v kateri se opravljajo storitve.