(1) The Regulator may, by written notice, require the decision-maker to give the Regulator—(a) within 5 business days after receiving the notice—(i) all relevant information and documents in relation to the application that is in the decision-maker’s possession; or(ii) the information asked for by the Regulator; or(iii) if the Regulator believes on reasonable grounds that the reasons given by the decision-maker for the decision-maker’s decision have not addressed the matters prescribed under a regulation for section 540 (4) —reasons for the decision that address those matters; or(b) within the period stated in the notice, any further information the Regulator needs to decide the matter.
(2) The decision-maker must comply with the notice.
(3) The decision-maker must pay the cost of obtaining the further information.