3. Within four months of the date of receipt of a notification referred to in paragraph 1, the insurance or reinsurance undertaking shall propose to the resolution authority possible measures to address or remove the substantive impediments identified in the notification.
The timeline for the implementation of those measures proposed by the undertaking shall take into account the reasons for the substantive impediments.
The resolution authority, after having consulted the supervisory authority, shall assess whether those measures effectively address or remove the substantive impediments.