(e) 1 thirty days from the date of receipt of such required further information, and 2 one hundred and fifty days from the date of submission of the Licence application. Individual Licences shall have standardised terms and conditions as far as practicable, and any differences shall be for objectively justifiable reasons. Without prejudice to the foregoing, the Authority may grant to an applicant who does not have significant market power a Licence on terms and conditions that are more favourable than another Licensed Operator with significant market power. (f) Within seven days of the grant of a Licence, the Authority shall notify the applicant that the Licence is available for collection. Such notice shall be sent to the address specified by the applicant. The Authority shall publish the Licence 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 LICENCE (a) Without prejudice to the provision of paragraph (b) of this Article, an Individual Licence 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 Licence. (b) The Authority may refuse to renew an Individual Licence if it discovers that the Licensee is, or has been, in material breach of the conditions of the Licence, whether or not the Authority took enforcement action to obligate the Licensee to comply with the conditions of the Licence 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 Licence at least two years prior to the expiry of the current Licence term and if a material breach occurs within two years of the expiry of the current Licence 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 Licence term, before making its decision as to refusing the renewal of the Licence. -26Translation dated 12 April 2009 This is an unofficial translation of the Law. It is provided for information purposes only. Reliance may only be placed upon the official Arabic version of the Law published in the Official Gazette of the Kingdom of Bahrain. Any comments on this translation will be gratefully received by the Authority. Please email any comments to: contact@tra.org.bh