(1) For the purposes of the Directive, the Bank shall consult the responsible competent authority of any other relevant Member State before granting an authorisation to an investment firm which is -
(a) a subsidiary of any entity authorised in that Member state that is an investment firm, credit institution or insurance undertaking,
(b) a subsidiary of the parent undertaking of an entity described in subparagraph (a), or
(c) controlled by the same persons who control an entity described in subparagraph (a).
(2) Without limiting the generality of paragraph (1), the Bank shall consult the responsible competent authority referred to in that paragraph when assessing -
(a) the suitability of the shareholders or members of persons who -
(i) effectively direct the business, or
(ii) are involved in the management,
of another entity of the same group as that to which the investment firm referred to in paragraph (1) belongs, or
(b) the reputation and experience of persons involved in the ma