(1) On cancelling the registration of an insurance intermediary or reinsurance intermediary under this Part, the Bank shall notify the cancellation to the relevant competent authorities of the other Member States.
(2) If the Bank cancels the registration of an insurance intermediary or reinsurance intermediary whose original place of registration was the State, the cancellation extends not only to the intermediary's registration in the State but also to every other Member state where the intermediary undertakes insurance mediation or reinsurance mediation.
(3) If the Bank cancels the registration of an insurance intermediary or reinsurance intermediary whose original place of registration is another Member State, the cancellation extends only to the intermediary's registration in the State.