(1) Without prejudice to Regulation 249, the Bank shall consult the other members of the college of supervisors before taking a decision which is of importance to the supervisory duties of another supervisory authority, with regard to -

(a) changes in the shareholder structure, organisational or management structure of insurance undertakings and reinsurance undertakings in a group, which require the approval or authorisation of supervisory authorities,

(b) the decision on the extension of the recovery period under Regulation 146(4) and (5), or

(c) major sanctions or exceptional measures taken by the supervisory authority in question including the imposition of a capital add-on to the Solvency Capital Requirement under Regulation 39 and the imposition of any limitation on the use of an internal model for the calculation of the Solvency Capital Requirement under Regulations 125 to 138.

(2) For the purposes of paragraph (1)(b) and (c), the group supervisor shall always be consulted.