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16.—(1) On an application for the making of a property arrangements scheme, the Authority shall, in relation to any property, rights or liabilities in respect of which the application proposes provision of a kind mentioned in regulation 14 determine whether provision of such a kind is, in relation to that property, or those rights or liabilities, necessary or expedient for compliance purposes.
(2) If the Authority determines under paragraph (1) that provision of a kind mentioned in regulation 14 is not, in relation to any property, rights or liabilities, necessary or expedient for compliance purposes, it shall refuse the application in relation to that property, or those rights or liabilities.
(3) If the Authority determines under paragraph (1) that provision of a kind mentioned in regulation 14 is, in relation to any property, rights or liabilities, necessary or expedient for compliance purposes, the Authority shall, subject to regulation 17(2), make a property arrangements scheme in relation to that property, or those rights or liabilities.
(4) If the Authority determines that provision of a kind mentioned in regulation 14 is, in relation to any property, rights or liabilities of the nominating licensee which are not referred to in paragraph (1), necessary or expedient for compliance purposes, the Authority shall, subject to regulation 17(2), also make a property arrangements scheme in relation to that property, or those rights or liabilities.
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