Licensing regime



In its licensing activity the Commission is guided by the principle of impartiality and implementation of a unified approach and criteria with respect to all applicants. The Commission examines the documents that have been attached to the applications for permit issuance or amendment of one that has already been granted in view of their compliance with the regulatory requirements. It is being established whether all the required documents and data have been provided and whether the legal limitations to certain licensing proceedings have been complied with. For example:

- Capital amount and structure;
- Origin of the resources with which the share contributions have been paid;
- Existence (lack of) relatedness between individuals and/or legal entities in accordance with the legal provisions;
- Requirements to the members of managerial and supervisory bodies and other special requirements.