Sadly it doesn’t – sorry, I wasn’t as clear as I could have been.
What I want to do is allow users to register normally. Then, I want the system to send me an email (or give me notification on the dashboard) that a new user has tried to register and give me details (IP address, etc.). I can then either approve or deny their request to become a user – then they either get emailed their password or it becomes active when they get approved.
I assume this isn’t possible?