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  • Reviewing the Application

    • Article (6)

      1. The IA shall issue its decision either by approving or rejecting the application during a period of no more (20) business day from the date the application was filed with the complete documents. In case of any shortage in the documents and information submitted, the applicant shall be notified to complete the missing documents and information within (60) days from the date of notification. If not completed within this period, the application shall be deemed cancelled and the applicant may not submit another application before the lapse of three months from the date of cancelling the application.
         
      2. In case the application for licensing gets approved, then he shall be registered at the Register after paying the prescribed fees.
         
      3. In case the application for licensing gets rejected, the applicant shall be notified of such, and he is entitled to appeal the rejection decision to the Board of Directors within thirty days from notifying him with the rejection decision. The Board of Directors’ decision shall be final.