Article 19 of the First Directive is hereby replaced by the following:
1. Each Member State shall require every undertaking whose head office is situated in its territory to produce an annual account, covering all types of operation, of its financial situation, solvency and, as regards cover for risks listed under No 18 in point A of the Annex, other resources available to them for meeting their liabilities, where its laws provide for supervision of such resources.
2. Member States shall require undertakings operating in their territory to render periodically the returns, together with statistical documents, whichare necessary for the purposes of supervision and, as regards cover for risks listed under No 1 8 in point A of the Annex, to indicate the resources available to them for meeting their liabilities, where their laws provide for supervision of such resources. The competent supervisory authorities shall furnish each other with the documents and information necess