1. The Minister or his authorized representative shall issue the resolution referred to in Clause (1) of Article (9) of this Decree-Law within (90) ninety days, and such period may be extended for another (45) forty-five days from the date of receiving the notice which shall meet the required conditions and contain the required documents. Failure to issue a resolution by the Minister regarding the expiration of the said period shall be deemed as a rejection of such agreements or practices. 2. Upon completion of the formal examination of the application and the supporting data and documents, the Ministry shall a notice of the fulfillment of the formal requirements of the application. 3. The Ministry shall examine the application to verify whether the conditions stipulated in Clauses (1) and (2) of Article (9) of this Decree-Law are met. 4. The Minister or his authorized representative may specify the duration of the exemption issued under this Article or make such exemption subject to periodic review. 5. The Minister or his authorized representative may issue a reasoned resolution on the notices given in accordance with the provisions of Article (9) of this Decree-Law as follows: a. Approving or rejecting agreements or practices and their amendments; b. Approving the enforcement of agreements or practices and their amendments, provided that the relevant undertakings commit to implement the conditions and obligations determined by the Minister or his authorized representative. 6. The Minister or his authorized representative shall issue a resolution cancelling the approval of the exemption in any of the following cases: a. If it becomes clear that the circumstances and reasons for which the approval has been issued no longer exist. b.If the relevant undertakings fail to fulfill the conditions and requirements based on which the approval has been granted. c. If it becomes clear that the information based on which the approval has been issued is misleading or incorrect.
Interpretation and application must be checked against the official text and current version.