SCHEDULES
SCHEDULE 10Designation of approved regulators as licensing authorities
Part 1Designation of approved regulators by order
Determination of applications
I113
1
Where an application is made under this Part, the Board must give the decision notice under paragraph 12 within the decision period.
2
The “decision period” is the period of 12 months beginning with the day on which the application is made to the Board.
3
The Board may, before the end of the decision period, issue a notice extending that period by a period specified in the notice.
4
More than one notice may be issued under sub-paragraph (3), but the decision period must not exceed 16 months.
5
The Board may issue a notice under sub-paragraph (3) only after it has—
a
consulted the F1CMA , the Consumer Panel and the Lord Chief Justice, and
b
obtained the Lord Chancellor's consent to the extension.
6
A notice under sub-paragraph (3) must state the Board's reasons for extending the decision period.
7
The Board must publish any notice issued under sub-paragraph (3).