32. (1) Within 120 days of being appointed, the advisory panel, having assessed the application under section 29, and having had regard to the matters referred to in section 34(2), shall furnish a report to An tÚdarás with a recommendation whether to make an order under section 36.

(2) Where the report under subsection (1) states that the applicant institutes do not jointly comply with one or more of the eligibility criteria, it shall—

(a) identify the eligibility criteria concerned, and

(b) specify conditions (including relating to the period of time within which conditions shall be met), compliance with which, in the view of the advisory panel, would be reasonably expected to enable the applicant institutes to jointly comply with the eligibility criteria concerned.