(1) An undertaking which intends to carry on insurance business by way of services into the State covering the risks referred to in Article 5 (d) of the first Directive shall provide to the Bank:
(a) a certificate issued by the supervisory authorities of the member State in whose territory its head office is situated, attesting that it possesses for its activities as a whole the minimum solvency margin calculated in accordance with Articles 16 and 17 of the first Directive and that this undertaking's authorisation in accordance with Article 7 (1) of the first Directive, enables the undertaking to carry on insurance business outside the member State of establishment.
(b) a certificate issued by the supervisory authorities of the member State of establishment indicating the classes of insurance which the undertaking is entitled to carry on through that establishment and attesting that those authorities do not object to the undertaking carrying on insurance business by way of service