# Article 6 — Communication of the decision to grant or refuse an authorisation to operate as an APA or ARM **Commission Implementing Regulation (EU) 2025/1157 · binding · OJ L, 2025/1157, 3.11.2025 · dated 12 Jun 2025 [in force]** *In force · Commission Implementing Regulation (EU) 2025/1157, OJ L, 2025/1157, 3.11.2025 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_impl/2025/1157/oj/eng)* ESMA, or, where relevant, the national competent authority shall electronically inform an applicant for authorisation as an APA or ARM of its decision to grant or to refuse such authorisation within five working days following the adoption of a reasoned decision as referred to in Article 27d(3) of Regulation (EU) No 600/2014. **CHAPTER II — STANDARD FORMS, TEMPLATES AND PROCEDURES FOR THE AUTHORISATION OF CTPS AND RELATED NOTIFICATIONS**