Regulation 5 Commission to consult registrar and others
(1)
The Commission must notify the following of an application for CIC conversion—
(a)
the Regulator;
(b)
the registrar; and
(c)
such other persons (if any) as the Commission thinks appropriate in the particular case.
(2)
The Commission—
(a)
may consult the Regulator; and
(b)
must consult the registrar and those persons (if any) notified under paragraph (1)(c),
about whether the application should be granted.