المادة 8(b): Procedures and Powers of the Authority in Relation to an Application

b) The Authority may refuse to consider the application where an applicant has failed to provide the required information, or has failed to provide them within the period specified in paragraph (a/3) of this Article. The Authority reserves the right to reject an application if it believes that the fund would not be in the best interests of investors or may not be suitable for the fund manager’s capacity, or would result in a breach of the Capital Market Law and its Implementing Regulations.