1. EACH MEMBER STATE SHALL REQUIRE EVERY UNDERTAKING WHOSE HEAD OFFICE IS SITUATED IN ITS TERRITORY TO PRODUCE AN ANNUAL ACCOUNT, COVERING ALL TYPES OF OPERATION, OF ITS FINANCIAL SITUATION AND SOLVENCY.
2. MEMBER STATES SHALL REQUIRE UNDERTAKINGS CARRYING ON ACTIVITIES IN THEIR TERRITORY TO RENDER PERIODICALLY THE RETURNS, TOGETHER WITH STATISTICAL DOCUMENTS, WHICH ARE NECESSARY FOR THE PURPOSES OF SUPERVISION. THE COMPETENT SUPERVISORY AUTHORITIES SHALL FURNISH EACH OTHER WITH THE DOCUMENTS AND INFORMATION NECESSARY FOR EXERCISING SUPERVISION.