PART 2Agreements
Notice of conditions not being met and reasons6
1
Where the Board considers that the conditions in regulation 5 for entering into an agreement are not met, it must give notice in writing to the person or persons intending to enter into the agreement of—
a
its view and the reasons for that view; and
b
the right of appeal under regulation 7.
2
The Board must give notice in writing of its view and the reasons for that view to any person who both legally and beneficially owns a share in, or who is a director or secretary of, a qualifying body that is given notice under paragraph (1) in any case where its reason for the decision relates to such a person.