Cap. 644 Art. 21Notice of application and determination.

(1) The applicant shall submit to the Agency a copy of his application together with such other information and documentation filed in support of the application or which may be requested by the Agency to reach a determination relative to the said application. The Agency shall acknowledge receipt of a complete application without delay and shall process the application within two

(2) months:

Provided that when the Agency requires more time to process the application or requires further documentation, the Agency may extend the processing time established under sub-article (1) by further periods:

Provided further that when an extension of time is required, the Agency shall notify the applicant without delay.

(2) The Agency shall determine whether the applicant satisfies the criteria of eligibility to be awarded a licence or authorisation.

(3) (a) When issuing a licence or authorisation the Agency may subject such licence or authorisation to any conditions as it may deem appropriate and objectively justified. The conditions of a licence or authorisation may be varied or revoked, from time to time, by the Agency and new conditions may also be so imposed. Before varying or revoking the conditions of a licence or authorisation and before imposing new conditions the Agency shall grant the licence holder an opportunity to make submissions about the proposed variation, revocation or imposition of proposed new conditions;

(b) licences and other authorisations issued in accordance with this Act may be made subject to the payment of fees as may be established by the Minister with the concurrence of the Minister responsible for finance by regulations made in accordance with this article:

Provided that in establishing the said fees the Minister with the concurrence of the Minister responsible for finance may specify that the Agency shall be the sole user of revenue collected from the said fees and that such revenue shall be used to defray costs incurred by the Agency to properly establish, operate, maintain and promote its obligations or any part thereof.

(4) When the Agency decides to refuse a request to issue a licence or authorisation, it shall inform the applicant and state in the notice the grounds for the decision.

(5) Without prejudice to the preceding articles, when for justified and valid reasons the Agency is unable to reach a decision within a time period stipulated in this Act or in any regulations made thereunder the said time period shall be extended for further periods each of which shall not exceed two (2) months. The applicant shall be informed of any such extension.