(1) This Regulation applies -
(a) to an authorised reinsurance undertaking established in another Member State that carries on reinsurance business in the State, and
(b) to an authorised SPRV established in another State that operates in the State.
(2) A reinsurance undertaking or SPRV to which this Regulation applies shall, if required to do so by the Bank, submit to the Bank all documents that the Bank considers necessary for the purposes of giving effect to these Regulations. However, the Bank may only require the undertaking or SPRV to submit documents of a kind that it could require an authorised reinsurance undertaking or authorised SPRV established in the State to submit.
(3) If a reinsurance undertaking or SPRV to which this Regulation applies -
(a) is contravening a provision of these Regulations, or
(b) has contravened such a provision of these Regulations and has not remedied the effect of the contravention, or
(c) is failing to comply with a direction or requirement made by
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