the detailed reasons on the basis of which the regulatory authority, or Member State, granted or refused the exemption together with a reference to paragraph 1 including the relevant point or points of that paragraph on which such decision is based, including the financial information justifying the need for the exemption;
podroben opis razlogov, na podlagi katerih je regulativni organ ali država članica odobrila ali zavrnila izvzetje, skupaj s sklicevanjem na odstavek 1, vključno z opredelitvijo ustrezne točke ali točk tega odstavka, na katerih temelji ta odločitev, vključno s finančnimi informacijami, ki utemeljujejo potrebo po izvzetju;