Authorisation is granted if:
the persons under Article 13 paragraph 2 and the persons responsible for the administration and management provide the guarantee of irreproachable business conduct;
the persons responsible for the administration and management enjoy a good reputation and possess the specialist qualifications required for the function;
the significant equity holders have a good reputation and do not exert their influence to the detriment of prudent and sound business practice;
compliance with the duties stemming from this Act is assured by internal regulations and an appropriate organisational structure;
sufficient financial guarantees are available;
the additional authorisation conditions listed in the relevant provisions of the Act are met.
The Federal Council may stipulate additional authorisation conditions if this is consistent with recognised international standards.46
...47
The following are deemed to be significant equity holders, provided they directly or indirectly control at least 10 percent of the capital or votes in the persons specified in Article 13 paragraph 2 or can materially influence their business activities in another way:
natural and legal persons;
general and limited partnerships;
financially related parties which meet this criterion on a combined basis.48