Change control applications: validity and time limitE+W
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22.—(1) Where the regulator receives a change control application which is valid the regulator must—
(a)notify the applicant to that effect, and
(b)determine it within 6 weeks beginning with the date the application is received by the regulator or within such longer period as at any time the regulator and the applicant agree in writing.
(2) Where the regulator receives a change control application which is not valid the regulator must notify the applicant to that effect giving reasons (and where the applicant is not the client, also give a copy of the notification to the client).
(3) A change control application is valid if it complies with regulation 21 (change control applications).