1. Insurance, reinsurance, and ancillary insurance intermediaries shall be registered with a competent authority in their home Member State.
Insurance and reinsurance undertakings and their employees shall not be required to register under this Directive.
Without prejudice to the first subparagraph, Member States may stipulate that insurance and reinsurance undertakings and intermediaries and other bodies may cooperate with the competent authorities in registering insurance and reinsurance and ancillary insurance intermediaries and in the application of the requirements laid down in Article 10.
In particular, insurance, reinsurance and ancillary insurance intermediaries may be registered by an insurance or reinsurance undertaking, insurance or reinsurance intermediary, or by an association of insurance or reinsurance undertakings, or insurance or reinsurance intermediaries, under the supervision of a competent authority.
An insurance or reinsurance intermediary or an ancillary insuranc
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