OBS_VALUE: The licence shall not be granted to a foreign insurance undertaking if it does not establish a branch within the domestic territory with a domestic management which consists of at least two natural persons who have their principal domicile within the domestic territory.The licence shall not be granted to a foreign insurance undertaking if its home country does not offer the same competitive opportunities to Austrian insurance undertakings as to its domestic insurance undertakings, and if it does not grant Austrian insurance undertakings effective market access comparable to that granted by Austria to insurance undertakings with head offices in this country, unless the general public has a major interest in the issue of the licence; the aforementioned shall not apply to signatory countries of the World Trade Organisation.See also: Directive 2009/138/EC of 25 November 2009 Solvency II,  articles 162-175.