# Article 5 — Information on the persons that will direct the business of the target entity **Commission Delegated Regulation (EU) 2025/414 · binding · OJ L, 2025/414, 31.3.2025 · dated 18 Dec 2024 [in force]** *In force · Commission Delegated Regulation (EU) 2025/414, OJ L, 2025/414, 31.3.2025 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2025/414/oj/eng)* Where the proposed acquirer intends to appoint one or more members of the management body of the target entity, the notification shall contain all the information referred to in Article 7 of [Commission Delegated Regulation (EU) 2025/305](./regulatory-technical-standards-information-application-authorisation-crypto-asset-service-provider.md) for each such proposed member.