694Notice of decision in relation to exemption

694 Notice of decision in relation to exemption (1) The regulator must give a copy of the exemption document referred to in regulation 692, within 14 days after making the decision to grant the exemption, to: (a) if a person applied for the exemption – the applicant; or (b) if the regulator granted the exemption on its own initiative – each person (other than persons to whom regulation 695 applies) to whom the exemption will apply. (2) If the regulator grants an exemption under regulation 689A(1), the regulator must notify each corresponding regulator that the exemption is granted.