Source: OJ L, 2025/306, 31.3.2025

Article 5 Communication of the decision

Summary What does Article 5 of the ITS on CASP authorisation say?

This brief article addresses the final step in the authorisation process, building directly on the procedural framework established in earlier articles.

It covers how competent authorities must communicate their decision to grant or refuse authorisation to an applicant, referencing the timeline set out in Article 63(9) of Regulation (EU) 2023/1114.

Important points:

Competent authorities are required to notify applicants of their authorisation decision, whether granting or refusing it.
Competent authorities must deliver this notification in paper form, by electronic means, or both.
This article connects to Article 63(9) of Regulation (EU) 2023/1114, which governs the applicable time limit for reaching that decision.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Competent authorities shall notify the applicant of their decision granting or refusing the authorisation, as referred to in Article 63(9) of Regulation (EU) 2023/1114, in paper form, by electronic means or both.

Table of contents

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