2.

The authorities of a Member State involved which are responsible for the supervision of credit institutions or investment firms shall be consulted prior to the granting of an authorisation to an insurance or reinsurance undertaking which is: a subsidiary of a credit institution or investment firm authorised in the Community; a subsidiary of the parent undertaking of a credit institution or investment firm authorised in the Community; or an undertaking controlled by the same person, whether natural or legal, who controls a credit institution or investment firm authorised in the Community.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.