Section 16(1): (a) shall allow an applicant to designate information provided to the Authority in accordance with the requirements of this Act and the Regulations as confidential information, and the applicant shall supply the justification for the claims of confidentiality;(b) shall decide whether it accepts as confidential the informa¬tion designated as confidential by the applicant;(e) shall inform the applicant of its rejection of the claim of confidentiality, providing reasons on request, as well as an opportunity for consultation; and(d) shall, where an applicant withdraws an application, respect the applicant's claims of confidentiality.