(1) An insurer or reinsurer that holds an authorisation issued by the Bank shall provide to the Bank such information as it requires for the purpose of supplementary supervision.

(2) If an insurer or reinsurer fails to provide information to the Bank within 28 days after being requested to do so, or within such extended period as the Bank may allow, the Bank may seek the information from any relevant undertaking to which Regulation 5(2) applies.

(3) The Bank may carry out, in the State, on-the-spot verification of the information referred to in either paragraph (1) or (2), or both and, for this purpose, the Bank may appoint an authorised officer.

(4) Paragraph (3) applies to the following undertakings:

(a) the insurer or reinsurer that is subject to supplementary supervision;

(b) subsidiary undertakings of that insurer or reinsurer;