Where specific approval in writing is required for covered investments by a Member State’s domestic laws, regulations and national policies, that Member State shall:
(a) inform all the other Member States through the ASEAN Secretariat of the contact details of its competent authority responsible for granting such approval;
(b) in the case of an incomplete application, identify and notify the applicant in writing within 1 month from the date of receipt of such application of all the additional information that is required;
(c) inform the applicant in writing that the investment has been specifically approved or denied within 4 months from the date of receipt of complete application by the competent authority; and
(d) in the case an application is denied, inform the applicant in writing of the reasons for such denial. The applicant shall have the opportunity of submitting, at that applicant’s discretion, a new application.
