Home / CY AIF Law of 2018 / PART V SUPERVISION AND PENALTIES / Chapter 1: Supervision of AIFs / [119] Justification of the decisions.

119. Justification of the decisions.

The Securities and Exchange Commission shall justify, in writing, any decision it takes for the rejection of an application for authorisation provided for in this Law, or any decision it takes for the withdrawal of such authorisation and every negative decision taken pursuant to this Law or its directives whereas, any such decision shall be communicated to the applicant or to the interested AIF.The Securities and Exchange Commission shall justify, in writing, any decision it takes for the rejection of an application for authorisation provided for in this Law, or any decision it takes for the withdrawal of such authorisation and every negative decision taken pursuant to this Law or its directives whereas, any such decision shall be communicated to the applicant or to the interested AIF.