TITLE III U.K. SUPERVISION OF INSURANCE AND REINSURANCE UNDERTAKINGS IN A GROUP

CHAPTER IV U.K. Third countries

Article 261 U.K. Parent 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.