Directive 92/49/EEC is hereby amended as follows:
1. In Article 15, paragraph 1a shall be replaced by the following:
'1a. If the acquirer of the holdings referred to in paragraph 1 of this Article is an insurance undertaking, a reinsurance undertaking, a credit institution or an investment firm authorised in another Member State, or the parent undertaking of such an entity, or a natural or legal person controlling such an entity, and if, as a result of that acquisition, the undertaking in which the acquirer proposes to hold a holding would become a subsidiary or subject to the control of the acquirer, the assessment of the acquisition shall be subject to the prior consultation referred to in Article 12a of Directive 73/239/EEC'.
2. In Article 16, paragraphs 4, 5 and 5a shall be replaced by the following:
'4. Competent authorities receiving confidential information under paragraph 1 or 2 may use it only in the course of their duties:
- to check that the conditions governing the tak