The Central Bank shall not take a draft decision to propose to the ECB to grant an authorisation unless the society satisfies the Central Bank that-
(a) its registered office and its head office are both located in the State,
(b) at least 2 persons effectively direct its business, and
(c) the members of its management body meet the requirements of Regulation 79 of the European Union (Capital Requirements) Regulations 2014 (S.I. No. 158 of 2014).