(1) The Bank may require that credit institutions established in another Member State, having branches within the State, report to them periodically on their activities in the State including, in particular, requiring such information to allow the Bank to assess whether a branch is significant within the meaning of Regulation 47(1).

(2) Where information is required of a credit institution under paragraph (1), the institution shall comply with such requirement -

(a) annually, or

(b) within such period as may be specified by the Bank in its request.

(3) Information, referred to in paragraph (1), required of a credit institution shall only be required for -

(a) information or statistical purposes,

(b) the application of Regulation 47(1), or

(c) supervisory purposes in accordance with this Chapter.