Licensing authority. The Financial Supervisory Authority shall grant operating licenses as provided for in this Act. A financial undertaking may commence operation upon receiving an operating license from the Financial Supervisory Authority. [The Financial Supervisory Authority shall consult with competent authorities in other Member States in assessing an application for an operating license from a financial undertaking which is:
Appears in 2 contracts
Sources: Act on Financial Undertakings, Act on Financial Undertakings