I'm reading this, and I understand where you're.... I'm reading this as:
(5) If the Registrar is not satisfied as set out in subsection (3), he or she may so inform the transferor.
I think a yes or no is required to be given to the transferor as to whether or not the transaction can proceed with regard to validity. I'm not suggesting that a bunch of information as to why should be given to the transferor because that would violate privacy laws. That would be information, as you rightly pointed out, Mr. Koops, that should only be available to the transferee who initiated the purchase.
I am concerned that there might be.... Logic and business practices would predicate that you would provide an answer, a yes or a no, but I am not sure that the language here in the.... I just want to be clear that the language here is about that yes or no authorization. That's the way I am reading it, and if I'm reading it wrong, then I need to know why I'm reading it wrong.