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4.—(1) Where this paragraph applies to an invitation by the Director to a firm to submit representations, the Director shall invite the firm, within 21 days after the notice containing the invitation is given to it, or such longer period as the Director may allow—
(a)to submit its representations in writing to the Director; and
(b)to give notice to the Director, if it thinks fit, that it wishes to make representations orally;
and where notice is given under paragraph (b) above the Director shall arrange for the oral representations to be heard.
(2) In reaching his determination the Director shall take into account any representations submitted or made under this paragraph.
(3) The Director shall give notice of his determination to the firm.
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