1. Pending further coordination of sectoral rules, Member States shall provide for the inclusion of alternative investment fund managers:
(a) within the scope of consolidated supervision of credit institutions and investment firms, or within the scope of supplementary supervision of insurance undertakings in an insurance group;
(b) where the group is a financial conglomerate, within the scope of supplementary supervision within the meaning of this Directive; and
(c) within the identification process in accordance with Article 3(2).
2. For the application of paragraph 1, Member States shall determine, or give their competent authorities the power to decide, according to which sectoral rules (banking sector, insurance sector or investment services sector) alternative investment fund managers are to be included in the consolidated or supplementary supervision referred to in point (a) of paragraph 1. For the purposes of this paragraph, the relevant sectoral rules regarding the form and ext
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