(5) Ne glede na določbo drugega odstavka tega člena Agencija za zavarovalni nadzor zavrne zahtevo za posredovanje obvestila nadzornemu organu države članice, če na podlagi podatkov, s katerimi razpolaga in dokumentacije iz prvega odstavka tega člena, in ob upoštevanju načrtovanega obsega poslovanja, ugotovi da zavarovalnica ne dosega minimalne kapitalske ustreznosti, oziroma, če bi bilo zaradi začetka opravljanja zavarovalnih poslov v državi članici lahko ogroženo poslovanje zavarovalnice v skladu s pravili o obvladovanju tveganj
(5) Notwithstanding the provision of the second paragraph hereunder, the Insurance Supervision Agency shall refuse to submit the notification to the supervisory authority of the Member State if it is established, on the basis of the data presented and the documentation referred to in the first paragraph hereunder, and taking into account the planned volume of business, that the insurance undertaking in question does not meet the required minimum capital adequacy or that upon commencement of the said insurance business in the Member State the operation of the insurance company could be threatened in accordance with the rules on risk management.