S.L. 188.5 Art. 8Processing of applications for a licence.

(1) When processing an application for a license to act as Agent under these Regulations, the Agency shall, in particular, have regard to:

(a) the protection of applicants under these regulations;

(b) the protection of the reputation of Malta, taking into account Malta’s international commitments; and

(c) the promotion of competition and choice.

(2) The Agency may impose on the applicant for the licence such conditions as it may deem appropriate. The Agency may, add to, vary or revoke any conditions as it may deem fit.

(3) The Agency shall notify the applicant of its decision to grant or refuse a licence, within six (6) months from the receipt of a valid application, completed in accordance with the applicable provisions of these Regulations and any applicable guidelines and accompanied by the prescribed application fee. In the case of a refusal, the notification shall also set out the reasons for such decision.

(4) Where the application is refused, the applicant may apply to the Minister to have the decision reviewed by the appeals board to be set up as provided in regulation 12.