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Text as of 8 Apr 2024 · Consolidated version of 23 December 2015 · Same wording as today’s text.Today’s text

Article 12 — Communication of the decision

Financial servicesLevel 1DirectivePSD2In forceVerifiedOfficial source

Within 3 months of receipt of an application or, if the application is incomplete, of all of the information required for the decision, the competent authorities shall inform the applicant whether the authorisation is granted or refused. The competent authority shall give reasons where it refuses an authorisation.