(1) An investment firm authorised in the State intending to establish a branch in another Member State shall communicate to the Bank the following information -
(a) its intention to establish a branch in the other Member State,
(b) its proposed programme of operations in the host Member State, stating in particular -
(i) the investment services and ancillary services that it intends to provide,
(ii) the organisational structure of the branch, and
(iii) whether the branch intends to use tied agents in the other Member State and, if so, the identity of the agents,
(c) the address in the host Member State from which documents may be obtained,
(d) the names of those responsible for the management of the branch.
(2) Unless the Bank has reason to doubt the adequacy of the administrative structure or the financial situation of an investment firm that communicates information to the Bank under paragraph (1), taking into account the services that the firm intends to provide, the Bank, within 3
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