F16(1)After considering—
(a)the advice given by the Consultative Panel and any representations made about it;
(b)the advice given by the [F2OFT] and any representations made about it; and
(c)the advice given by each of the designated judges,
the [F3Secretary of State] shall decide whether to grant the application.
(2)When the [F3Secretary of State] has made his decision he shall notify the applicant of it.
(3)If the [F3Secretary of State] has decided to refuse the application he shall also notify the applicant of the reasons for his decision.
Textual Amendments
F1Sch. 4 substituted (1.1.2000) by 1999 c.22, s. 41, Sch. 5 para. 2 (with Sch. 14 para. 7(2)); S.I. 1999/3344, art. 2(a) (subject to art. 4, Sch. 2 of that S.I.)
F2Sch. 4: "OFT" substituted (1.4.2003) in each place for "Director" by 2002 c. 40, ss. 278, 279, Sch. 25 para. 23(10)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)
F3Words in Schs. 3-6 substituted (19.8.2003) by The Secretary of State for Constitutional Affairs Order 2003 (S.I. 2003/1887), art. 9, Sch. 2 para. 8(1)(d) (with arts. 6, 8)