(1) Where an undertaking is carrying on insurance business by way of services into the State, it shall submit to the Bank all documents requested of it for the purposes of implementing this Article in so far as an undertaking established in the State is also required to do so.
(2) Where an undertaking carrying on insurance business by way of services into the State does not comply with the Insurance Regulations, the Bank shall request the undertaking to do so.
(3) Where an undertaking fails to comply with the request referred to in subarticle (2) of this Article, the Bank shall inform the supervisory authorities of the member State of establishment and, where appropriate, the supervisory authorities of the member State in which the head office of the undertaking is situated.
(a) If after invoking the procedures of subarticles (2) and (3) of this Article, the measures taken against the undertaking carrying on insurance business by way of services into the State are not adequate