Which license permits categories of transactions without the need for individual approval?

The general license allows for categories of transactions to be conducted without the need for individual approvals. This type of license provides a broad authorization for certain activities or transactions, streamlining processes for entities and individuals operating in compliance with regulatory requirements.

A general license typically covers multiple transactions under predefined conditions, meaning that once the license is issued, the transactions fall within the established framework and do not require additional permissions or filings for each individual instance. This makes it particularly valuable in scenarios where expedited compliance is necessary or where there is a need for efficiency in regulatory operations.

In contrast, the specific license is granted for particular transactions and requires individual approval, often resulting in more administrative oversight. Comprehensive licenses may cover wide-ranging activities but still typically involve more detailed terms and conditions than a general license. General use license is not a standard term used in this context and may not reflect the established categories of licensing within regulatory frameworks, resulting in ambiguity. Therefore, the general license is the most accurate and applicable choice regarding the permitting of transactions without individual approval.