The competent authorities of the other Member State involved shall be consulted beforehand on the authorization of any investment firm which is:
- a subsidiary of an investment firm or credit institution authorized in another Member State,
- a subsidiary of the parent undertaking of an investment firm or credit institution authorized in another Member State,
or
- controlled by the same natural or legal persons as control an investment firm or credit institution authorized in another Member State.
The competent authority of a Member State involved, responsible for the supervision of credit institutions or insurance undertakings, shall be consulted prior to the granting of an authorisation to an investment firm which is:
(a) a subsidiary of a credit institution or insurance undertaking authorised in the Community; or
(b) a subsidiary of the parent undertaking of a credit institution or insurance undertaking authorised in the Community; or
(c) controlled by the same person, whether n