OBS_VALUE: As from 2016, the Civil Petitions Treatment Act applicable to all licensing/authorisation procedures provides that the head of an administrative agency shall pre-determine the treatment period, from receipt of the application of legal civil petitions with the administrative agency to completion of treatment thereof, by each type of legal civil petitions and make a public announcement thereof in order to treat legal civil petitions promptly. The head of an administrative agency shall include the treatment period in the civil petition manual. As from 2020, on application for registration as an auditor of a stock-listed company, registration must be decided within 4 months from the date of application.