Schedule 2 Supplementary supervision of insurers and reinsurers that are subsidiaries of an insurance holding company, a mixed financial holding company, a third country insurer, a third country reinsurer, an asset management company or an alternative investment fund manager.

Bank to co-operate with competent authorities of other Member States.

1. The Bank shall co-operate as necessary with the competent authorities of other Member States to ensure that the method referred to in this Schedule is applied in a consistent manner in cases where an insurance holding company, a mixed financial holding company, a third country insurer, a third country reinsurer, an asset management company or an alternative investment fund manager is the parent undertaking of -

(a) one, or more than one, insurer or reinsurer referred to in Regulation 4(2), and

(b) one, or more than one, insurer or reinsurer that is established in another Member State.

Frequency of supplementary supervision.

2. The Bank shall exercise supplementary supervision with the same frequency as prescribed by -

(a) the Non-Life Insurance Business Directive,

(b) the Insurance Undertakings Accounting Directive,

(c) the Life Assurance Business Directive, and

(d) the Reinsurance Directive,

for calculating the

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