(1) In assessing a notification under Regulation 20(1) and any information referred to in Regulation 21(4) or (8), the Bank shall, in order to ensure the sound and prudent management of the investment firm in which an acquisition is proposed and having regard to the likely influence of the proposed acquirer on the investment firm, appraise the suitability of the proposed acquirer and the financial soundness of the proposed acquisition against all of the following criteria:

(a) the reputation of the proposed acquirer;

(b) the reputation and experience of the individuals who will direct the business of the investment firm as a result of the proposed acquisition;

(c) the financial soundness of the proposed acquirer, in particular in relation to the type of business pursued and envisaged in the investment firm in which the acquisition is proposed;