The Principal Regulations are amended by inserting the following Article after Article 16:
"16A. Insurance undertaking to provide plan for restoring its finances if required to do so by the Bank
(1) If the Bank believes that the rights of holders of policies issued by an insurance undertaking are threatened, it can, by notice in writing, require the undertaking to provide it with a financial recovery plan for the restoration of a sound financial position.
(2) As soon as practicable after receiving a notice under subparagraph (1) of this paragraph, an insurance undertaking shall provide the Bank with a financial recovery plan, covering the 3 financial years of the undertaking following the date of the notice. The plan must include particulars or proof of the following:
(a) estimates of the undertaking's management expenses, and in particular its current general expenses and commissions;
(b) detailed estimates of the undertaking's income and expenditure in respect of direct business, rei
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