Article 7
Procedures for granting and refusing requests for authorisation
ESMA shall develop draft regulatory technical standards to specify:
the information to be provided to the competent authorities under paragraph 2 of this Article including the programme of operations;
the requirements applicable to the management of investment firms under Article 9(6) and the information for the notifications under Article 9(5);
the requirements applicable to shareholders and members with qualifying holdings, as well as obstacles which may prevent effective exercise of the supervisory functions of the competent authority, under Article 10(1) and (2).
ESMA shall submit those draft regulatory technical standards to the Commission by 3 July 2015.
Power is delegated to the Commission to adopt the regulatory technical standards referred to in the first subparagraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.
ESMA shall submit those draft implementing technical standards to the Commission by 3 January 2016.
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1095/2010.