(1) The Bank shall give written notice to the European Commission and the competent authorities of the other Member States -
(a) whenever it grants an authorisation to a subsidiary of one or more parent undertakings that are governed by the laws of a third country, and
(b) whenever such a parent undertaking acquires a holding in a reinsurance undertaking authorised by the Bank with the result that the latter undertaking becomes a subsidiary of the parent undertaking.
(2) On granting an authorisation to the subsidiary of one or more parent undertakings governed by the law of a third country, the Bank shall specify the structure of the group in the notice to be given under paragraph (1).