Art. 2 Authorization as non-EU professional to exercise an active management of an individual pension plan in the Member State of origin of the asset manager (public or private)
shall be granted if the conditions established in Article 16 of this regulation are met.
The criteria referred to in article 5 of this regulation shall be
referred to as the criteria of competence, good repute and financial soundness. The conditions
established in this regulation shall be deemed to be appropriate, having regard to the Member State of origin
of the asset manager and the sector covered by the pension plan authorized by Directive 2002/66/EC.
Art. 3 Authorizations for the authorizations defined in Article 4 of this regulation shall be granted in a manner which
will encourage the growth of the investment landscape of the European economies and will contribute to the strengthening of the
European investment landscape.
Art.
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In case of discrepancies between the French and the English text, the
French text shall prevail
Grand-ducal regulation of 20 September 2005
establishing the criteria of competence, good repute and
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