4(1)Where Monitor is satisfied that a section 77 undertaking has been complied with, Monitor must issue a certificate to that effect (referred to in this Schedule as a “compliance certificate”).
(2)A person who has given a section 77 undertaking may at any time make an application to Monitor for a compliance certificate.
(3)The application must be made in such form, and accompanied by such information, as Monitor requires.
(4)Monitor must decide whether or not to issue a compliance certificate, and give notice to the applicant of its decision, before the end of the period of 14 days beginning with the day after that on which the application is received.