(1) An authorised reinsurance undertaking established in the State shall lodge with the Bank within 6 months after the end of the undertaking's financial year, or at such more frequent intervals as the Bank may require -
(a) a return containing such information as the Bank may specify, and
(b) statistical documents that the Bank requires to enable it to perform its functions under these Regulations and to verify the state of solvency of the undertaking with respect to its entire business, and
(c) such information as the Bank requires to enable it to verify that the undertaking's technical reserves are being maintained.
Such a return and information must be in such form and manner as the Bank specifies to the undertaking in writing.
(2) A reinsurance undertaking that, without reasonable excuse, fails to comply with paragraph (1) commits an offence.
(3) If the undertaking carries on reinsurance business in another Member State, the Bank shall provide the competent authority of that other
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