Transfer of supervision to a Land supervisory authority

(1) The Federal Ministry of Finance may, on the application of the Federal Institute, transfer supervision of private insurance undertakings of lesser economic significance, of Pensionsfonds, and of public-law competitive insurance undertakings, to the competent Land supervisory authority, with its consent.
(2) Even after the transfer of supervision, the Federal Ministry of Finance may transfer supervision of undertakings within the meaning of subsection (1) back to the Federal Institute, in particular where the undertakings have gained greater economic significance.