The NBS will comply with the deadlines set out in the MiCA Regulation, while the simplified licensing procedure will not be applied in Slovakia. The NBS will assess whether the application is complete within 25 working days of receiving the application. If the application is complete, the NBS will decide on its approval or rejection within 40 working days of receiving the complete application. The length of the licensing procedure is primarily influenced by the applicant’s preparedness. If you plan to apply for a permit under MiCA in Slovakia, we recommend that you contact the NBS (crypto@nbs.sk) before submitting the application itself and use the so-called pre-licensing dialogue, which can help you improve the quality of your application and thereby shorten the length of the licensing procedure.