(1) The regulator must
give a copy of the exemption document referred to in regulation 692
within 14 days after making the decision to grant the exemption
to —
(a) if a
person applied for the exemption — the applicant; or
(b) if
the regulator granted the exemption on the regulator’s own
initiative — each person (other than persons to whom
regulation 695 applies) to whom the exemption will apply.
(2) If the regulator
grants an exemption under regulation 689A(1), the regulator must notify
each corresponding regulator that the exemption is granted.
[Regulation 694 inserted: SL 2024/139
r. 11.]