(1) Participating insurance undertakings and reinsurance undertakings, insurance holding companies and mixed financial holding companies shall make publicly available an annual report on the solvency and financial condition at the level of the group.

(2) Regulations 52, 55, 56 and 57 shall apply subject to any necessary modifications.

(3) The participating insurance undertaking or reinsurance undertaking, the insurance holding company or the mixed financial holding company may, subject to the approval of the group supervisor, provide a single solvency and financial condition report which shall comprise the following:

(a) the information at the level of the group which must be disclosed in accordance with paragraph (1);

(b) the information for any of the subsidiaries within the group which must be individually identifiable and disclosed in accordance with Regulations 52, 55, 56 and 57.