The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
Version 21 of the Handbook was published on 06/12/2018. For more information, please click 'History' Above
Rule 5: Decision period
The SRA must:
decide an authorisation application;
notify the applicant of its decision;
if it decides to refuse the application, set out in the notice the reasons for the refusal;
before the end of the decision period.
An extension notice must set out the reasons for the extension.
See Rule 2.2 above for when an application is made.
The SRA will extend the period for making a decision if it considers this necessary for the proper consideration of the application (see paragraph 2 of Schedule 11 to the LSA).
The means of notice or notification can include any form of written electronic communication normally used for business purposes, such as emails.