As regards the conduct deemed material for the purpose of verifying compliance with the requirements for the quality of the shareholders and sound and prudent management, an initial phase of the examination found questionable conduct in business dealings by shareholders of Antonveneta, in relation to the facts brought to light by the Consob resolution of 10 May and the checks carried out by the Bank of Italy.
For a fuller evaluation of the facts, the analysis of these aspects was usefully supplemented by the observations already made by the legal advisors; the results of a further consultation contributed significant elements for an appreciation of the case from the standpoint of the granting of authorization.