Enforcement measures

(1) Where an insurance undertaking of a group does not satisfy the requirements of sections 250 to 272 on group solvency, or the group's solvency is at risk even though it complies with the requirements, or intra-group transactions or risk concentrations endanger the insurance undertaking's financial position, the supervisory authority requires the insurance undertaking to take measures to remedy the situation without delay. At the same time, the group supervisory authority requires corresponding measures from the insurance holding company or the mixed financial holding company.
(2) Where the supervisory authority is the group supervisory authority, and the registered office of the insurance holding company, the mixed financial holding company, or the insurance undertaking is in another member or contracting state, it informs the supervisory authority of the other state of its findings, so that it can initiate the necessary measures.
(3) The supervisory authority coordinates its enforcement measures with the other affected supervisory authorities and the group supervisory authority, in particular in cases where the head office or main establishment of an insurance holding company or a mixed financial holding company is not located at its registered office. This also applies where the supervisory authority is the group supervisory authority.