(1) If—
(a) the Regulator has given an applicant 2 or more notices in writing requesting further information under section 21(3); and
(b) the applicant has failed to provide the requested information, in writing, within the prescribed time—
the Regulator may give notice in writing to the applicant requiring that the requests be complied within 14 days after the date of that notice or the application will be taken to have been withdrawn.
(2) An application under this Part is taken to be withdrawn if an applicant fails to comply with a request for further information within 14 days of the date of a notice given under subsection (1).