(1) The Bank shall not grant an authorisation to an undertaking before being informed of the identities of the shareholders or persons who have qualifying holdings, direct or indirect, in that insurance undertaking and of the amounts of such holdings.
(2) The Bank shall not grant an authorisation if, after taking into account the requirement to ensure the sound and prudent management of an insurance undertaking, the Bank is not satisfied as to the qualifications of the shareholders or members.
(3) The Bank may require information concerning all shareholders irrespective of the size of their holding.
(4) [deleted]