S.L. 403.17 Art. 39Access to information.

(1) The competent authority shall have access to any information relevant for the purpose of that supervision regardless of the nature of the undertaking concerned and Article 35(1) to (5) of the Solvency II Directive shall apply mutatis mutandis.

(2) Where the competent authority has requested the information from all the European regulatory authorities in the group, and none of them has provided such information to the competent authority, within a reasonable period of time, the authority may address the undertakings in the group directly to obtain the necessary information.

(3) Where the competent authority is the group supervisor of a group, the authority may:

(a) limit regular supervisory reporting with a frequency shorter than one year at the level of the group where all authorised insurance undertakings, authorised reinsurance undertakings, European insurance undertakings and European reinsurance undertakings within the group, benefit from the limitation in accordance with Article 35(6) of the Solvency II Directive taking into account the nature, scale and complexity of the risks inherent in the business of the group;

(b) exempt from reporting on an item-by-item basis at the level of the group where all authorised insurance undertakings, authorised reinsurance undertakings, European insurance undertakings and European reinsurance undertakings within the group, benefit from the exemption in accordance with Article 35(7) of the Solvency II Directive, taking into account the nature, scale and complexity of the risks inherent in the business of the group and the objective of financial stability.