(1) Before cancelling a registration, the regulator must give the registration holder written notice that—(a) sets out the proposal to cancel the registration and the reasons for it; and(b) informs the registration holder that the registration holder may, by a stated date being not less than 28 days after the notice is given, make a submission to the regulator in relation to the proposed cancellation.
(2) After the date stated in the notice under subsection (1) (b) , the regulator must—(a) if the registration holder has made a submission in relation to the proposed cancellation—consider that submission; and(b) whether or not the registration holder has made a submission, decide—(i) to cancel the registration; or(ii) not to cancel the registration; and(c) within 14 days after making that decision, give the registration holder written notice stating—(i) whether or not the registration has been cancelled; and(ii) if the regulator decided to cancel the registration—(A) if a submission was made in relation to the proposed cancellation—the regulator’s reasons for cancelling the registration; and(B) the date on which the cancellation takes effect.