(1) If the Authority decides to grant an application under regulation 8 it must, within seven days of the date on which it gave written notice under regulation 13(3) or (5)(b), admit -

(a) the applicant to the register of issuers; or

(b) the covered bond or the programme of covered bonds to -

(i) part one of the register of regulated covered bonds, in the case of an application under regulation 8(b)(i); or

(ii) part two of the register of regulated covered bonds in the case of an application under regulation 8(b)(ii).

(2) The Authority may remove a regulated covered bond from the register of regulated covered bonds only after the expiry of the whole period of validity of that bond.