694Notice of decision in relation to exemption

694 Notice of decision in relation to exemption

(1)  [Regulation 694 Renumbered by S.R. 2024, No. 30, Applied:01 Jul 2024] 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)  [Regulation 694 Subregulation (2) inserted by S.R. 2024, No. 30, Applied:01 Jul 2024] If the regulator grants an exemption under regulation 689A(1) , the regulator must notify each corresponding regulator that the exemption is granted.