(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 notice may state the way the information, documents and reasons must be given.
(3) The decision-maker must comply with the notice.
(4) The decision-maker must pay the cost of obtaining the further information.