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Recital 10

Recital 10

(10)In respect of shareholders and members directly or indirectly holding qualifying holdings in the applicant issuer, the application for authorisation should contain all information enabling the competent authority to carry out a comprehensive assessment of the sufficiently good repute of such shareholders or members and that they do not fall within the ground of refusal of the authorisation set out in Article 21(2), point (c), of Regulation (EU) 2023/1114. For that purpose, the application for authorisation should contain the information necessary and sufficient enabling competent authorities to verify that those shareholders or members have not been convicted of offences relating to money laundering or terrorist financing or of any other offences that would affect their good repute and to establish the certainty and legitimate origin of the funds or other assets used to set-up the applicant issuer and finance the business of that applicant issuer.

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