Contents
- 1. Member States shall ensure that, in commercial transaction…
- 2. Member States shall ensure that the applicable reference r…
- 3. Member States shall ensure that in commercial transactions…
- 4. Member States may extend the time limits referred to in po…
- 5. Member States shall ensure that the maximum duration of a…
- 6. Member States shall ensure that the period for payment fix…
4.Member States may extend the time limits referred to in point (a) of paragraph 3 up to a maximum of 60 calendar days for:
(a)any public authority which carries out economic activities of an industrial or commercial nature by offering goods or services on the market and which is subject, as a public undertaking, to the transparency requirements laid down in Commission Directive 2006/111/EC of 16 November 2006 on the transparency of financial relations between Member States and public undertakings as well as on financial transparency within certain undertakingsnote;
(b)public entities providing healthcare which are duly recognised for that purpose.
If a Member State decides to extend the time limits in accordance with this paragraph, it shall send a report on such extension to the Commission by 16 March 2018.On that basis, the Commission shall submit a report to the European Parliament and the Council indicating which Member States have extended the time limits in accordance with this paragraph and taking into account the impact on the functioning of the internal market, in particular on SMEs. That report shall be accompanied by any appropriate proposals.
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