47. Rejection of an Application

Past version: effective from 10/08/2022 - 20/08/2014
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(1) The DFSA may in its absolute discretion refuse to grant an application for a Licence or for an extension to a Licence.
(2) Upon refusing to grant a Licence or an extension to a Licence, the DFSA shall without undue delay inform the applicant in writing of such refusal and, where requested by the applicant, the reasons for such refusal.