What is the duration for the Authority to review buffer authorizations?

The correct choice indicates that the Authority has a timeframe of 60 days for either issuing a buffer authorization or making further inquiries if needed. This duration allows the Authority ample time to thoroughly assess the request and gather any additional information that may be necessary for making an informed decision. Given the complexities involved in reviewing buffer authorizations, this 60-day window strikes a balance between ensuring due diligence and maintaining efficiency in the review process.

This timeframe is often crucial for stakeholders, as it provides clarity on the expected timeline for decision-making and helps in planning subsequent actions based on the outcome. The option highlights an important regulatory aspect, allowing the Authority to ensure that all relevant factors are considered before a decision is made.