43Regulator must consider applications except in certain

43 Regulator must consider applications except in certain circumstances (1) The regulator must consider the application in accordance with this part. (2) However, the regulator is not required to consider the application, or may cease considering the application, if— (a) the application does not contain the information specified by the regulator or prescribed by regulation; or (b) the application does not satisfy section 40 (3); or (c) the application is not accompanied by the application fee (if any) prescribed by regulation; or

(d) the applicant did not provide further information required by the regulator by notice under section 42 within the period stated in the notice; or (e) the regulator is satisfied that to issue the licence would be inconsistent with a policy principle in force under section 21; and (f) the regulator is satisfied (having regard to the matters mentioned in section 58) that the applicant is not a suitable person to hold a licence. (3) The regulator must issue the licence, or refuse to issue the licence, within the period (if any) prescribed by regulation.