Directive 73/239/EEC is hereby amended as follows:
1) Article 29a shall be replaced by the following:
'Article 29a
1. The competent authorities of the Member States shall inform the Commission and the competent authorities of the other Member States:
(a) of any authorisation of a direct or indirect subsidiary, one or more of whose parent undertakings are governed by the law of a third country;
(b) whenever such a parent undertaking acquires a holding in a Community insurance undertaking which would turn the latter into its subsidiary.
2. When the authorisation referred to in paragraph 1(a) is granted to the direct or indirect subsidiary of one or more parent undertakings governed by the law of a third country, the structure of the group shall be specified in the notification which the competent authorities shall address to the Commission.';
2) in Article 29b(4), the second subparagraph shall be replaced by the following:
'In the circumstances described in the first subparagraph, i