The NBS will comply with the timelines set out in the MiCA, while the simplified procedure for authorisation will not be applied in Slovakia. The NBS will assess whether the application is complete within 25 working days of receipt of the application. If the application is complete, the NBS will decide within 40 working days from the date of receipt of the complete application whether to approve or reject it. The length of the licensing procedure is primarily influenced by the readiness of the applicant. If you are planning to apply for a MiCA license in Slovakia, we recommend that you contact the NBS (crypto@nbs.sk) prior to submitting the application itself and take advantage of the so-called pre-licensing dialogue, which may help you to improve the quality of your application and thus help to reduce the length of the licensing procedure.