Article 5 Informations relatives aux personnes qui assureront la direction des activités de l’entité cible

Summary What does Article 5 of the RTS on acquisition of qualified holding in ART issuer say?

This is a notably brief article that acts as a cross-reference provision.

It addresses a specific scenario within the qualifying holding notification process: where the proposed acquirer plans to appoint one or more members of the management body of the target entity.

In that case, the notification must also include the information required under a separate delegated regulation governing the fit and proper assessment of management body members under MiCA (Regulation (EU) 2023/1114).

Important points:

Where you intend to appoint management body members as part of your acquisition, include the additional information required under Article 7 of the relevant MiCA delegated regulation in your notification.
This article builds on the broader notification framework established across Articles 1 to 4 of this regulation, adding a supplementary requirement triggered by a specific circumstance.
The obligation applies to any proposed acquirer, whether a natural or legal person, who intends to make such appointments.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Lorsque le candidat acquéreur prévoit de nommer un ou plusieurs membres de l’organe de direction de l’entité cible, la notification contient toutes les informations visées à l’article 7 du règlement délégué de la Commission établissant des normes techniques de réglementation adopté en application de l’article 18, paragraphe 6, du règlement (UE) 2023/1114.

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