PART 2Administration
CHAPTER 3Applications, notices, etc.
Determination of applications by Regulators19.
(1)
Where an application under this Order is made to a Regulator in accordance with the requirements of this Order, the application must be determined by the Regulator within—
(a)
the timescales set out in Schedule 1, where relevant, or
(b)
where Schedule 1 does not apply—
(i)
the period of 2 months beginning with the date on which the application is received, or
(ii)
such longer period as may be agreed in writing with the applicant.
(2)
For the purposes of paragraph (1)—
(a)
an application is determined when notice of the determination is given to the applicant by the Regulator, and
(b)
in calculating the period of 2 months, no account must be taken of any period beginning with the date on which a notice under article 18(9) is given to the applicant and ending with the date on which the applicant provides the information specified in the notice.
(3)
Where the Regulator fails to determine an application before the end of the period referred to in paragraph (1)—
(a)
the applicant may give to the Regulator notice that the applicant treats the application as having been refused, and
(b)
if such notice is given the application must be treated as having been refused at the end of that period.