f) Within seven days of the grant of a License, the Authority shall notify
the applicant that the License is available for collection. Such notice shall
be sent to the address specified by the applicant.
The Authority shall publish the License in the Official Gazette as soon
as is practicable after granting it.
g) Any Person that directly or indirectly acquires five percent or more of the
shares of an Individual Licensee shall notify the Authority of such matter
within seven days from the date that Person acquires such shares.
Article (30)
Renewal of an Individual License
a) Without prejudice to the provision of paragraph (b) of this Article, an
Individual License issued under this Law shall be renewed on the request
of the Licensee, for a further limited term in accordance with the
conditions of the License.
b) The Authority may refuse to renew an Individual License if it discovers
that the Licensee is, or has been, in material breach of the conditions of
the License, whether or not the Authority took enforcement action to
obligate the Licensee to comply with the conditions of the License in
accordance with the provisions of Article (35) of this Law.
c) The Authority shall notify the Licensee of its intention to refuse renewal
of the License at least two years prior to the expiry of the current License
term and if a material breach occurs within two years of the expiry of the
current License term, it shall notify the Licensee promptly upon
becoming aware of such breach.
In all cases, the notice shall state the reasons for such refusal.
d) The Authority shall consider the responses given by the Licensee during
the current License term, before making its decision as to refusing the
renewal of the License.
Article (31)
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