15(1)Where an application is made under this Part, the Board must give the decision notice under paragraph 14 within the decision period.E+W
(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 consulted—
(a)the [F1CMA],
(b)the Consumer Panel, and
(c)the Lord Chief Justice.
(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).
Textual Amendments
F1Word in Sch. 4 para. 15(5)(a) substituted (1.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 6 para. 117(5); S.I. 2014/416, art. 2(1)(d) (with Sch.)