(1) An undertaking having its head office in the territory of another member State and which there fulfils the requirements of the Directive shall, when applying for an authorisation -
(a) submit to the Bank a copy of its memorandum and articles of association and a list of its directors and managers,
(b) produce a certificate issued by the supervisory authority of the State in whose territory the head office is situated, attesting the classes of insurance which the undertaking is entitled to carry on and that it possesses the minimum guarantee fund or, if higher, the minimum solvency margin calculated in accordance with Article 18 of these Regulations, and indicating the risks which it actually covers and the financial resources referred to in Article 11 (1) (e) of the Directive,
(c) submit a scheme of operations in accordance with Article 11 of the Directive, and
(d) designate an authorised agent having his permanent residence and abode in the State and possessing sufficient pow