(1) The Bank shall establish, update on a regular basis, and in such manner as it sees fit make publicly available, a public register of tied agents and include on the public register -
(a) all tied agents established within the State, and
(b) all other tied agents appointed by investment firms that have been notified to the Bank by a competent authority of another Member State.
(2) The Bank may include a tied agent on the public register only if satisfied that the tied agent -
(a) is of sufficiently good repute, and
(b) possesses the appropriate general, commercial and professional knowledge so to enable the tied agent to communicate accurately all relevant information about any proposed services to the client or potential client of the investment firm for whom the tied agent acts.
(3) For the purposes of paragraph (2), the Bank may rely on the information supplied under Regulation 109 to the Bank by an investment firm.