(1) An application for authorisation shall be in such form and contain such particulars as the Bank shall specify from time to time and, without prejudice to the generality of the aforesaid, shall include such particulars or information as the Bank may request in relation to:
(a) the type of business to be carried on or likely to be carried on by the proposed management company;
(b) any person or persons having a qualifying shareholding or having ownership of the proposed management company including any natural or legal person whose shareholding or other commercial relationship with the proposed management company might influence the conduct of the proposed management company to a material degree; and
(c) the memorandum of association and articles of association of the proposed management company.
(2) A proposed management company shall not be authorised by the Bank unless it satisfies the Bank -
(a) that it is a company incorporated under the Companies Acts, and