(1) Every credit institution incorporated outside the State which has a place of business in the State shall publish its individual accounts and its group accounts, together with the report of the directors and auditors, in such manner as may be prescribed by the Bank in accordance with Article 44 of the Directive.
(2) In implementing the provisions of this regulation, the Bank shall apply the provisions of Directive 89/117/EEC of 13 February 1989 [O.J. No. L44 of 16/2/1989] and, in particular, Articles 2, 3 and 4 thereof.
(3) This regulation shall also apply to any financial institution incorporated outside the State with a place of business in the State which would, if it were incorporated in the State, be subject to licensing or supervision by the Bank.
(4) In paragraph (3), "financial institution" does not include an insurance company or undertaking.