1. The Authority shall issue its decision to grant or reject the license, approval, registration, or accreditation within the period specified under the regulations issued thereby. 2. The Authority may approve or reject the application, and in the event of rejection, the Authority shall state the reasons thereof in writing. 3. Notwithstanding the fulfilment of the prescribed conditions, the Authority may restrict the license, approval, registration, or accreditation with the conditions it deems appropriate at its discretion in consideration of the public interest, and for such period as it deems appropriate; it may also amend or revoke such conditions, impose additional conditions, or amend or cancel the period initially determined. 4. The Authority shall notify the applicant in writing of its approval decision. Such notification shall include the effective date of the license, approval, registration, or accreditation, a statement of the Financial Activity or the approved function, and any conditions or restrictions related to the approval decision. 5. The Authority may revoke any license, approval, registration, or accreditation application submitted without completion of the requirements within the period determined thereby. The fees paid in this respect shall not be refundable.
Interpretation and application must be checked against the official text and current version.