(1)  The Commission, after complying with section 40M in relation to a draft amendment of an LPS in relation to the municipal area of a planning authority, may –

(a) by notice to the planning authority, direct the planning authority to modify the draft amendment in the manner specified in the notice; or

(b) modify the draft amendment itself and notify the planning authority of the Commission's modification; or

(c) by notice to the planning authority, reject the draft amendment of the LPS and direct the planning authority to –

(i) submit to the Commission a substitute draft amendment of an LPS within the period specified in the direction; or

(ii) substantially modify a part of the draft amendment of the LPS and submit to the Commission the part of the draft amendment of the LPS, as so modified, within 28 days or a longer period allowed by the Commission; or

(d) substantially modify the draft amendment itself and notify the planning authority of the Commission's modification; or

(e) reject the draft amendment and notify the planning authority of the rejection.

(2)  The Commission may, if it is not satisfied with a modified draft amendment of an LPS submitted to the Commission under section 40O(1) , issue a further notice under subsection (1) in relation to the draft amendment of an LPS to which the modifications relate.