(1) Every credit institution incorporated outside the State which has a place of business in the State shall publish -
(a) the financial statements prepared by it that are equivalent to entity financial statements prepared by a company under the Principal Act, and
(b) the financial statements (if any) prepared by it that are equivalent to group financial statements prepared by a company under the Principal Act,
together with the report of the directors and auditors, in such manner as may be prescribed by the Bank in accordance with Article 44 of the Directive.
(2) In implementing paragraph (1), the Bank shall apply the provisions of Directive 89/117/EEC of 13 February 1989 and, in particular, Articles 2, 3 and 4 thereof.
(3) This Regulation shall also apply to any financial institution incorporated outside the State with a place of business in the State which would, if it were incorporated in the State, be subject to licensing or supervision by the Bank.
(4) In paragraph (3), "financia
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