1. The Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, shall examine the notification as follows: a. Conducting a formal examination of the notification and the documents submitted pursuant to Article (4) of this Resolution within ten (10) working days, and upon the completion of which a notice shall be issued to the concerned Undertakings confirming that the formal examination of the exemption application has been completed. b. Conducting a substantive review of the application for approval of the exemption in accordance with Article (6) of this Resolution within forty (40) working days, extendable for a further ten (10) working days, in order to assess the extent to which the concerned Undertakings have complied with the following procedures: 1. Providing prior notification to the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, of the Agreements or practices for which exemption is sought. 2. Demonstrating that such Agreements or practices satisfy the requirements referred to in Clause (1) of Article (9) of the Decree by Law. 2. When examining the application for approval of the exemption, the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, may require the concerned Undertakings or other concerned parties to provide any additional data or information it deems necessary for deciding on the application. 3. The Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, may require parties that it considers likely to be affected by the exemption to submit their views and supporting information regarding the exemption application within a period not exceeding fifteen (15) working days from the date on which they are notified. 4. The competent organizational unit within the Ministry, the Concerned Authority, or the Sectoral Regulatory Authority, as the case may be, shall: a. Prepare a report concerning the application for approval of the exemption, setting out all facts and procedures relating thereto, the data upon which it is based, and a legal and economic assessment thereof, particularly with regard to its effects on the level of competition in the Relevant Market, together with a recommendation regarding the proposed decision on the application. b. Submit the report prepared pursuant to Paragraph (a) of this Clause to the Committee, which shall in turn submit its recommendations regarding the granting of the exemption to the Minister, the decision-making authority within the Concerned Authority or the Sectoral Regulatory Authority, as the case may be, or any person authorized by any of them, within a period not exceeding fifteen (15) working days from the date of receipt of the report.
Interpretation and application must be checked against the official text and current version.