(1) The Bank shall consult the relevant competent authority of the other Member State responsible for the supervision of insurance undertakings, reinsurance undertakings, credit institutions or investment firms before granting an authorisation to a reinsurance undertaking or SPRV that is -
(a) a subsidiary of an insurance or reinsurance undertaking authorised in another Member State, or
(b) a subsidiary of the parent undertaking of such an insurance or reinsurance undertaking, or
(c) controlled by the same person who controls such an insurance or reinsurance undertaking.
(2) The Bank shall consult the competent authority of the other Member State responsible for the supervision of credit institutions or investment firms before granting an authorisation to a reinsurance undertaking or SPRV that is -
(a) a subsidiary of a credit institution or investment firm that is authorised in another Member State, or
(b) a subsidiary of the parent undertaking of such a credit institution or investme
…