(1) If an application for a licence does not contain sufficient information to enable the regulator to make a decision whether or not to grant the licence, the regulator may ask the applicant to provide additional information.
(2) A request for additional information must:
(a) specify the date (not being less than 28 days after the request) by which the additional information is to be given; and
(3) If an applicant does not provide the additional information by the date specified, the application is to be taken to have been withdrawn.
(4) The regulator may make more than one request for additional
information.