For the purpose of this Directive:
(a) "insurance undertaking" means an undertaking which has received official authorisation in accordance with Article 6 of Directive 73/239/EEC or Article 6 of Directive 79/267/EEC;
(b) "branch" means any permanent presence of an insurance undertaking in the territory of a Member State other than the home Member State which carries out insurance business;
(c) "reorganisation measures" means measures involving any intervention by administrative bodies or judicial authorities which are intended to preserve or restore the financial situation of an insurance undertaking and which affect pre-existing rights of parties other than the insurance undertaking itself, including but not limited to measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims;
(d) "winding-up proceedings" means collective proceedings involving realising the assets of an insurance undertaking and distributing the proc