(1) The Bank shall not take a draft decision to propose to the ECB to grant a licence unless the application for the licence includes the names of -
(a) the applicant's shareholders or members that have qualifying holdings and of the amounts of those holdings, or
(b) where there are no qualifying holdings, the 20 largest shareholders or members.
(2) In determining whether the criteria for a qualifying holding are fulfilled, the voting rights referred to in Articles 9 and 10 of Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 [OJ No. L 390, 31.12.2004, p. 38] in relation to information about issuers whose securities are admitted to trading on a regulated market and the conditions regarding aggregation thereof set out in Article 12(4) and (5) of that Directive shall be taken into account.
(3) Voting rights or shares which institutions hold as a result of providing the underwriting of financial instruments or placing of financial instruments on a fir
…