If the Investment Proposal is complete and the activity is not on the Negative List, the CDC/PMIS issues a Conditional Registration Certificate within three working days (or confirms automatic approval if the deadline is missed). The CRC: (a) lists every secondary approval, authorization, clearance, license, permit or registration required for the project to operate, together with the responsible ministry or authority; (b) confirms the incentives to which the QIP is entitled; and (c) recognizes the legal entity. A Letter of Non-Compliance is issued if the proposal is deficient, stating the reasons and the additional information required.