2.—(1) Subject to sub-paragraph (2), where an application to the regulator under these Regulations is duly made it must be determined by the regulator within—
(a)the period of two months beginning with the date on which the application was received, or
(b)such longer period as may be agreed in writing with the applicant.
(2) For the purposes of sub-paragraph (1)—
(a)an application is determined when notice of the determination is given to the applicant by the regulator; and
(b)in calculating the period of two months, no account is to be taken of any period beginning with the date on which a notice under paragraph 1(12) is served on the applicant and ending with the date on which the applicant provides the information specified in the notice.
(3) If the regulator fails to determine the application within the period allowed by sub-paragraphs (1) and (2)—
(a)the applicant may give to the regulator notice that the applicant treats the application as having been refused, and
(b)the application is then deemed to have been refused at the end of that period.
(4) Where the application is an application for a permit or the transfer of a permit, any permit that is granted as a result of the application must be attached to the notice given under sub-paragraph (2)(a).