CONGRESSIONAL BILL NO. 18-145, C.D.1 P.C. NO. 18-254 PUBLIC LAW NO. 18-52 1 shall progress the two applications in concert and issue 2 the licences together or under such arrangement as the 3 Authority and the applicant agree. 4 5 6 7 (4) The Authority must provide reasons for any refusal to issue an individual licence to an applicant. (5) The Authority shall promptly register an applicant under a class licence provided that: 8 9 (a) The application for registration complies with the licensing rules; and 10 11 12 (b) The applicant meets the eligibility criteria for the licence. (6) The Authority shall maintain and publish a 13 register of licensees and licences. 14 register shall be the authoritative record of the status 15 of any licence. 16 The entry in the (7) Any restrictions under other laws concerning 17 foreign investment in the Federated States of Micronesia 18 shall not apply to carrying on the business of owning or 19 operating a communications network or providing a 20 communications service by a licensee. 21 (8) Except as set out in this section, an operating 22 licence shall not discharge the licensee from any 23 obligation to obtain any other licences, permits or 24 approvals required by law.” 25 Section 36. Title 21 of the Code of the Federated States of 49 of 119