The Commission shall, periodically, submit a report to the Council examining the treatment accorded, in third countries, to insurance or reinsurance undertakings authorised in the Community, as regards the following:
(a)
the establishment in third countries of insurance or reinsurance undertakings authorised in the Community;
(b)
the acquisition of holdings in third-country insurance or reinsurance undertakings;
(c)
the pursuit of insurance or reinsurance activities by such established undertakings;
(d)
the cross-border provision of insurance or reinsurance activities from the Community to third countries.
The Commission shall submit those reports to the Council, together with any appropriate proposals or recommendations.