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Article number: 25
Any decision to refuse an authorisation shall state full reasons and shall be notified to the undertaking concerned.
Each Member State shall make provision for a right to apply to the courts where an authorisation is refused.
Such provision shall also be made with regard to cases where the supervisory authorities have not dealt with an application for an authorisation within six months of the date of its receipt.
Metadata
RULEBOOK TOPIC: CHAPTER II - Taking up of business
RULEBOOK CATEGORY: DIRECTIVE 138/2009/EC (SOLVENCY II DIRECTIVE)
Last update on: 03 May 2021