(1) The Bank shall consult the relevant competent authority of any other Member State before granting an authorisation to an investment firm which is -
(a) a subsidiary of any entity authorised in that Member State that is an investment firm, credit institution or market operator,
(b) a subsidiary of the parent undertaking of an investment firm or credit institution authorised in that Member State, or
(c) controlled by the same persons who control an investment firm or credit institution authorised in that Member State.
(2) The Bank shall consult the competent authority of any other relevant Member State responsible for the supervision of credit institutions or insurance undertakings, before granting an authorisation to an investment firm or market operator which is -
(a) a subsidiary of a credit institution or insurance undertaking authorised in the European Union,
(b) a subsidiary of the parent undertaking of a credit institution or insurance undertaking authorised in the European Un
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