4.—(1) Where the Agency refuses to grant a licence, it must give to the applicant a statement in writing of its reasons for doing so and invite the applicant to make representations to it in writing within 28 days after the statement is sent.
(2) After considering any such representations, the Agency—
(a)may if satisfied as to the matters specified in paragraph 2 of this Part grant a licence; or
(b)must give to the applicant a statement in writing of its reasons for continuing to refuse a licence.