Member States shall lay down detailed rules for the organisation, financing and operation of the guarantee institutions, complying with the following principles in particular:

1. (a)

   the assets of the institutions must be independent of the employers’ operating capital and be inaccessible to proceedings for insolvency;

2. (b)

   employers must contribute to financing, unless it is fully covered by the public authorities;

3. (c)

   the institutions’ liabilities must not depend on whether or not obligations to contribute to financing have been fulfilled.