(1) If an authorised reinsurance undertaking or SPRV becomes aware of an acquisition of a qualifying holding in it, or an increase in the size of such a holding that results in the holding reaching or exceeding a prescribed percentage, the undertaking or SPRV shall inform the Bank in writing of the acquisition or increase without delay.
(2) If an authorised reinsurance undertaking or SPRV becomes aware of a disposal of, or a reduction in the size of, a holding in it that results in the holding ceasing to be a qualifying holding or falling to or below a prescribed percentage, the undertaking or SPRV shall inform the Bank in writing of the disposal or reduction without delay.