Directive 98/78/EC is hereby amended as follows:
1. The title shall be replaced by the following:
'Directive 98/78/EC of the European Parliament and of the Council of 27 October 1998 on the supplementary supervision of insurance and reinsurance undertakings in an insurance or reinsurance group'.
2. Article 1 is hereby amended as follows:
(a) the points (c), (i), (j) and (k) shall be replaced by the following:
'(c) "reinsurance undertaking" means an undertaking, which has received official authorisation in accordance with Article 3 of Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance [OJ L 323, 9.12.2005, p. 1.];'
'(i) "insurance holding company" means a parent undertaking, the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance undertakings, reinsurance undertakings or non-member country insurance undertakings or non-membe