TITLE IIISUPERVISION OF INSURANCE AND REINSURANCE UNDERTAKINGS IN A GROUP
CHAPTER IVThird countries
Article 261Parent undertakings outside the Community: equivalence
1.
In the event of equivalent supervision referred to in Article 260, Member States shall rely on the equivalent group supervision exercised by the third-country supervisory authorities, in accordance with paragraph 2.
2.
Articles 247 to 258 shall applymutatis mutandis to the cooperation with third-country supervisory authorities.