Article 29

the authorisation must not be granted unless the application for authorisation is accompanied by a programme of operations setting out, at least, the organisational structure of the investment company;

ní mór dea-cháil leordhóthanach a bheith ar stiúrthóirí na cuideachta infheistíochta agus taithí leordhóthanach a bheith acu freisin i ndáil leis an gcineál gnó a shaothraíonn an chuideachta infheistíochta agus, chuige sin: ní mór ainmneacha na stiúrthóirí agus ainm gach duine a thagann i gcomharbas orthu san oifig a chur in iúl láithreach do na húdaráis inniúla; ní mór do bheirt daoine nádúrtha, ar a laghad, a chomhlíonann coinníollacha den sórt sin agus atá fostaithe go lánaimseartha ag an gcuideachta infheistíochta sin nó atá ina gcomhaltaí feidhmiúcháin nó ina gcomhaltaí de chomhlacht bainistíochta na cuideachta infheistíochta atá tiomanta go lánaimseartha do ghnó na cuideachta infheistíochta sin a dhéanamh, agus a bhfuil sainchónaí orthu san Aontas, cinneadh a dhéanamh maidir le gnó cuideachta infheistíochta a dhéanamh; agus ciallóidh “stiúrthóirí” na daoine sin a dhéanann, faoin dlí nó faoi ionstraimí corpraithe, ionadaíocht thar ceann na cuideachta infheistíochta, nó a chinneann beartas na cuideachta go héifeachtach.

where close links exist between the investment company and other natural or legal persons, the competent authorities must grant authorisation only if those close links do not prevent the effective exercise of their supervisory functions.

does not make use of the authorisation within 12 months, expressly renounces the authorisation or has ceased the activity covered by this Directive more than six months previously, unless the Member State concerned has provided for authorisation to lapse in such cases;

has obtained the authorisation by making false statements or by any other irregular means;

no longer fulfils the conditions under which authorisation was granted;

has seriously or systematically infringed the provisions adopted pursuant to this Directive; or

falls within any of the cases where national law provides for withdrawal.

the information to be provided to the competent authorities in the application for the authorisation of the investment company, including the programme of operations; and

the obstacles which may prevent effective exercise of the supervisory functions of the competent authority under paragraph 1(c).