1.Where participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies provide a single solvency and financial condition report, the requirements set out in this Section shall apply.
2.The single solvency and financial condition report shall present separately the information which must be disclosed at group level in accordance with Article 256(1) of Directive 2009/138/EC and the information which must be disclosed in accordance with Articles 51, 53, 54 and 55 of that Directive for any subsidiary covered by that report.
3.The information at group level andshall follow the structure set out in Annex XX Section A.2. The information for any subsidiary covered by that report shall eachcontain the information required by Article 51 of Directive 2009/138 /EC and shall follow the structure set out in Annex XX.XX, Section A. Participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies may decide, when providing any part of the information to be disclosed for a subsidiary covered,covered other than information included in the part targeted at policy holders and beneficiaries, to refer to the corresponding information disclosed at group level, whereprovided that such information is equivalent in both nature and scope.scope to the information that would otherwise be provided at the level of the subsidiary.