30. (1) A notice given under section 29 shall state that, not later than 28 days from the date of the notice, the applicant for registration may make representations, in writing, to the Regulator in relation to the proposed decision to refuse to grant the application.

(2) Where a notice has been given under section 29, the Regulator shall not make a decision whether to grant or refuse to grant the application for registration until—

(a) it has considered the representations, if any, made by the applicant in accordance with the notice, or

(b) the period referred to in subsection (1) has elapsed and no representations are made by the applicant.