(1) The Bank shall give reasons in writing for any decision to refuse authorisation, or any negative decision taken in the implementation of the general measures adopted in application of these Regulations or the Directive, and communicate them to applicants.
(2) Any decision taken under the laws, regulations or administrative provisions adopted in accordance with these Regulations shall be properly reasoned. The following decisions of the Bank are appealable decisions for the purposes of Part VIIA of the Central Bank Act 1942:
(a) a decision refusing an application for authorisation under Regulation 10(1) or (2) or 17(2);
(b) a failure to decide an application within the period prescribed by Regulation 11 or 17(11);
(c) a decision revoking or refusing an application to revoke an authorisation;
(d) a decision replacing or proposing to replace a management company or depositary under Regulation 128;
(e) a failure to communicate information to the competent authority of a host Member Sta
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