(1) The Bank shall consult the supervisory authority of another Member State before the granting of an authorisation to -
(a) a subsidiary undertaking of an insurance undertaking or reinsurance undertaking authorised in the other Member State,
(b) a subsidiary undertaking of the parent undertaking of an insurance undertaking or reinsurance undertaking authorised in the other Member State, or
(c) an undertaking controlled by the same person, whether natural or legal, who controls an insurance undertaking or reinsurance undertaking authorised in the other Member State.
(2) The Bank shall consult the authority of the other Member State involved which is responsible for the supervision of credit institutions or investment firms prior to the granting of an authorisation to an insurance undertaking or reinsurance undertaking which is -
(a) a subsidiary undertaking of a credit institution or investment firm authorised in the European Union,
(b) a subsidiary undertaking of the parent undertaki
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