7.—(1) The Commission may, at any time after receiving Form 1 or Form M1, as the case may be, give notice to the applicant —| (a) | requiring the applicant to submit to the Commission —| (i) | Form 2 where the application is made under section 43, 44, 50 or 51 of the Act; and | | (ii) | Form M2 where the application is made under section 57 or 58 of the Act; and |
| | (b) | specifying such time limit as the Commission considers appropriate for Form 2 or Form M2, as the case may be, to be submitted to the Commission. |
(2) Where the Commission finds that the information submitted in Form 1, Form M1, Form 2 or Form M2, as the case may be, is incomplete, it may give notice to the applicant specifying —| (a) | what information is outstanding; and | | (b) | such time limit as the Commission considers appropriate for the outstanding information to be submitted to the Commission. |
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| (3) Where an applicant submits outstanding information in respect of Form 1 or Form M1, as the case may be, to the Commission under paragraph (2), the application shall, notwithstanding regulation 6(2), be deemed to be made (and the notification for the purpose of section 43, 44, 50, 51, 57 or 58 of the Act, as the case may be, shall be deemed to be given) on the date on which the Commission receives the outstanding information. |
| (4) If, in relation to Form 1 or Form M1, the Commission does not receive the outstanding information referred to in paragraph (2)(a) before the end of the time limit referred to in paragraph (2)(b) or of such further period, if any, as the Commission considers appropriate, the application shall be deemed not to have been made and the notification for the purpose of section 43, 44, 50, 51, 57 or 58 of the Act, as the case may be, shall be deemed not to have been given. |
(5) If, in the case of an application under section 43 or 44 of the Act, the Commission does not receive —| (a) | Form 2 before the end of the time limit referred to in paragraph (1)(b) or of such further period, if any, as it considers appropriate; or | | (b) | the outstanding information referred to in paragraph (2)(a) in relation to Form 2 before the end of the time limit referred to in paragraph (2)(b) or of such further period, if any, as it considers appropriate, |
| the application shall be deemed not to have been made and the notification for the purpose of section 43 or 44 of the Act, as the case may be, shall be deemed not to have been given. |
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(6) If, in the case of an application under section 50, 51, 57 or 58 of the Act, the Commission does not receive —| (a) | Form 2 or Form M2, as the case may be, before the end of the time limit referred to in paragraph (1)(b) or of such further period, if any, as it considers appropriate; or | | (b) | the outstanding information referred to in paragraph (2)(a) in relation to Form 2 or Form M2, as the case may be, before the end of the time limit referred to in paragraph (2)(b) or of such further period, if any, as it considers appropriate, |
| the Commission may determine the application by not giving guidance or a decision, as the case may be. |
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(7) Where, for the purpose of any application, the Commission requires any additional information that does not form part of Form 1 or Form M1 or, where applicable, Form 2 or Form M2, as the case may be, it may give notice to the applicant specifying —| (a) | the additional information which it requires; and | | (b) | such time limit as the Commission considers appropriate for the additional information to be submitted to the Commission. |
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| (8) If the Commission does not receive the additional information referred to in paragraph (7)(a) before the end of the time limit referred to in paragraph (7)(b) or of such further period, if any, as it considers appropriate, the Commission may determine the application by not giving guidance or a decision, as the case may be. |
| (9) Supporting documents submitted as part of Form 1 or Form M1 and, where applicable, Form 2 or Form M2, as the case may be, shall be either originals or true copies, and the applicant shall certify that each copy submitted is a true copy of the original. |
(10) Notwithstanding paragraph (2), the Commission may refuse to accept an application submitted to it if Form 1 or Form M1, as the case may be —| (a) | is incomplete or is not accompanied by the relevant supporting documents; or | | (b) | is not substantially in the prescribed form, |
| whereupon the application shall be deemed not to have been made and the notification for the purpose of section 43, 44, 50, 51, 57 or 58 of the Act, as the case may be, shall be deemed not to have been given. |
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