(1) For the purposes of assessing the transferor's application under section 119, the Authority may, in writing, request the transferor or the transferee (the notice recipient ) to give to the Authority specified additional information or specified additional documents.
(2) The application is taken to have been withdrawn if the information or documents have not been given to the Authority before the end of:
(a) 20 business days after the Authority gives the request to the notice recipient; or
(b) if the Authority extends the period in accordance with section 253--that extended period.