S.L. 403.24 Art. 18Information from the competent authority to the Commission and EIOPA.

(1) The competent authority shall inform the Commission,

EIOPA and the European regulatory authorities concerned of any authorisation issued by the competent authority pursuant to article

7 of the Act, to a direct or indirect subsidiary, one or more of whose parent undertakings are governed by the law of a third country. The information to be provided shall also contain an indication of the structure of the group concerned.

(2) Where a third country insurance undertaking or a third country reinsurance undertaking acquires a holding in an authorised insurance undertaking or an authorised reinsurance undertaking which would result in that authorised undertaking to become a subsidiary of that third country undertaking, the competent authority shall inform the Commission, EIOPA and the European regulatory authorities concerned accordingly.