المادة 33(e): Procedures and Power of the Authority toward the Application

e. An applicant must commence the offer and issuance of units in a public fund within (12) months from the date of the Authority’s decision referred to in Subparagraph (1) or (2) of Paragraph (a) of this Article. If the applicant did not commence the offer and issuance of units during such period, the Authority’s approval shall be deemed to be cancelled.