(1) If a regulator refuses an application for permission as a result of a direction under section 405(1)(a) -
(a) section 55X does not apply in relation to the refusal; but
(b) the regulator must notify the applicant of the refusal and the reasons for it.
(2) If a regulator defers its decision on an application for permission as a result of a direction under section 405(1)(b) -
(a) the time limit for determining the application mentioned in subsections (1) to (3) of section 55V stops running on the day of the deferral and starts running again (if at all) on the day the period specified in the direction (if any) ends or the day the direction is revoked; and
(b) a regulator must notify the applicant of the deferral and the reasons for it.
(3) If a regulator gives a notice of objection to a person as a result of a direction under section 405(1)(c) or (d) -
(a) sections 189 and 191 have effect as if the notice was a notice of objection within the meaning of Part XII; and
(b) the regul