1. Member States shall provide that the competent authorities exercise general supervision over transactions between:
(a) an insurance undertaking or a reinsurance undertaking and:
(i) a related undertaking of the insurance undertaking or of the reinsurance undertaking;
(ii) a participating undertaking in the insurance undertaking or in the reinsurance undertaking;
(iii) a related undertaking of a participating undertaking in the insurance undertaking or in the reinsurance undertaking;
(b) an insurance undertaking or a reinsurance undertaking and a natural person who holds a participation in:
(i) the insurance undertaking, the reinsurance undertaking or any of its related undertakings;
(ii) a participating undertaking in the insurance undertaking or in the reinsurance undertaking;
(iii) a related undertaking of a participating undertaking in the insurance undertaking or in the reinsurance undertaking.
These transactions concern in particular:
- loans,
- guarantees and off-balance-