(1) For purposes of consolidated supervision, each licensed financial institution which is a member of a corporate group shall provide to the Central Bank at least twice a year —
(a) a complete diagram of the group, including all direct and indirect affiliates and associates of the licensed financial institution and the nature of their relationship to the group; and
(b) any other information the Central Bank may require.
(2) Any changes to the structure of the group that are not otherwise subject to approval of the Central Bank under this Act shall be reported by the licensed financial institution to the Central Bank within the time frame determined by the Central Bank.