to comply with the standards under paragraph (1)(B). (ii) Completeness If the State bank supervisor determines that an applicant has submitted all of the materials required under this subparagraph, the registration shall be deemed complete. (3) Authorization to issue payment stablecoins (A) Effective date (i) In general An approval of an application under paragraph (1) shall be deemed effective on the date that is 90 days after the date the applicant submits a complete registration statement to the Board under paragraph (2), unless the Board, by a vote of 2/3 of all members, votes to deny the application by written order explaining the reasons for denial. (ii) Extension Upon the request of an applicant, the Board may extend the effective date under clause (i). (B) Issue prohibited before effective date A non-depository trust company may not issue payment stablecoins before the effective date under subparagraph (A). (4) Request for additional information Nothing in this subsection shall be construed as prohibiting the Board from requesting further information from an applicant, but any request by the Board for further information from an applicant shall not affect the status of the registration statement as complete, as provided under paragraph (2)(B)(ii). (5) Public availability of filings The Board shall make each registration statement filed with the Board under this section available to the public on the website of the Board. (6) Consultation The Board shall consult with the applicable State bank supervisor relating to a non-depository trust company registration under this section, which may include sharing materials submitted as part of the application to issue a payment stablecoin. (c) Supervision, regulation, and enforcement (1) Supervision authority Upon the filing of a complete registration statement with the Board, a non-depository trust company shall be subject to supervision by the State bank supervisor, and the Board and State bank supervisor shall have enforcement authority as provided in section