Subject to Article (22) of the Decree by Law and after fulfilment of the conditions set forth therein, Sectoral Regulatory Authorities shall consider anti-competitive practices, related requests for exemption, and applications for approval of Economic Concentration transactions that may affect the competitive position and overall balance of the sector concerned, as follows: 1. The Sectoral Regulatory Authority shall submit a request to the Ministry seeking authorization to undertake such consideration within a period not exceeding: a. Seven (7) working days from the date of receipt by the Sectoral Regulatory Authority of complaints relating to practices and violations of the provisions of the Decree by Law and this Resolution. b. Ten (10) working days from the date of receipt by the Sectoral Regulatory Authority of requests for exemption or applications for approval of Economic Concentration transactions. 2. The Ministry shall issue its approval of the request referred to in Clause (1) of this Article within a period not exceeding ten (10) working days from the date of receipt thereof. Failure by the Ministry to issue a decision within such period shall be deemed approval of the request. 3. Where the Ministry rejects the request referred to in Clause (1) of this Article, the Sectoral Regulatory Authority shall refer the matter to the Ministry within seven (7) working days from the date of rejection in order for the Ministry to undertake the procedures in accordance with the Decree by Law and this Resolution. 4. In all cases where a Sectoral Regulatory Authority considers a matter, it shall apply the provisions relating to complaints, requests for exemption, and Economic Concentration transactions prescribed for the Ministry under this Resolution.
Interpretation and application must be checked against the official text and current version.