(1) Where an insurance undertaking is carrying on insurance business by way of branch establishment or by way of services into the State, it shall submit to the Bank, on request, all documents which the Bank considers necessary for the purposes of implementing this Article insofar as an insurance undertaking with a head office established in the State is also required to do so.
(2) Where an insurance undertaking carrying on insurance business by way of branch establishment or by way of services into the State does not comply with the Insurance Acts and Regulations, the Bank shall by direction require the insurance undertaking to do so.
(3) Where an insurance undertaking fails to comply with a direction referred to in sub-article (2) of this Article, the Bank shall inform the supervisory authorities of the home Member State so that they may take all appropriate measures in accordance with Article 40 (4) of the Directive.
(4) If, after invoking the procedures of sub-article (3) of this A
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