(1) Any decision taken under these Regulations or Regulation (EU) No 600/2014 shall be properly reasoned.
(2) A decision imposing a measure, condition, requirement or sanction on a person, or to give a direction to a person, or to refuse to grant an application for authorisation to a person, under these Regulations or Regulation (EU) No 600/2014 is an appealable decision for the purpose of Part VIIA of the Act of 1942.
(3) The failure to make a decision in respect of an application for an authorisation under any provision of these Regulations within 6 months after the submission of the application in a case where the application contains all the information required under these Regulations or Regulation (EU) No 600/2014 is an appealable decision for the purpose of Part VIIA of the Act of 1942.