No. 7/2016 26 SPECL<\L EcoNOMIC ZoNEs Cap.14:34 Approval or refusal of applications for investment licences (1) The Authority shall within five working days approve or refuse to approve any application for an investment licence submitted to it in terms of section 23. (2) The Authority may impose such conditions on the issue of any investment licence as it considers appropriate. (3) Where the Authority approves an application in terms of subsection (1), the Authority shall issue to the applicant an investment licence in the prescribed form specifying(a) the name, nationality and address of the applicant; and (b) in the case of a company, the registered office of the company and the names and nationalities of the directors of the company; and (c) a description of the proposed investment, and of the approved activity which will be authorised by the licence; and (d) the nature and the amount or value of the foreign assets to be invested and, where applicable, the period or periods within which they shall be invested; and (e) the date of issue and expiry of the licence; and (f) any conditions fixed by the Authority in terms of subsection (2); and (g) any other matters which the Authority considers necessary to give effect to this Act. (4) TI1e Authority may vary or amend any conditions imposed in terms of subsection (2), where it is informed of any changes relating to the investment in terms of section 30. 27 Period of validity of investment licences Any investment licence shall be valid for a period of ten years from the date of issue, during which period the licensed investor shall implement the proposed investment 28 Renewal of investment licences A licensed investor may renew his or her investment licence before its expiry and an application for renewal shall be made in such form and manner and within such period as may be prescribed and shall be accompanied by such fee, if any, as may be prescribed. 29 Register of investment licences (1) TI1e Authority shall maintain or cause to be maintained a register of(a) investment licences, including any conditions subject to which each licence was issued; and (b) any amendments, suspensions or cancellations of investment licences. (2) 111e register shall be open for inspection by members of the public at all reasonable times at the offices of the Authority. 30 Investor to notify Authority of non-implementation of investment (1) Where for any reason a licensed investor is unable to implement the investment described in his or her investment licence, he or she shall notify the Authority 191S