(1) If the Commissioner decides to grant an application for a key person licence, he or she shall, as soon as practicable—
(a) issue a key person licence to the applicant; and
(b) give written notice of the issue of the licence to any relevant licensed provider.
(2) If the Commissioner decides to refuse to grant an application for a key person licence, he or she shall, as soon as practicable—
(a) notify the applicant in writing of the decision and the reasons for the decision; and
(b) if the Commissioner believes that a key relationship is in existence between the applicant and a licensed provider—give a copy of the notice to the licensed provider.