To ensure that all applications are reviewed promptly and sufficiently, Corporations should maintain all necessary data in its information management systems so that it can effectively calculate the number of days it takes to process applications.
Corporations stated that it has developed policies and procedures for ensuring that all applications received are logged for date of receipt, date approved/license issued, and the number of days for completion. The policies and procedures also require documenting the reasons for any extraordinary issues that delay processing. (See 2009-406, p. 33)
Agency responses received after June 2013 are posted verbatim.