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Paragraph 40 Settlement

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Subject to paragraph 39, in rendering an agreed award, the arbitrator:

(i)

may only record the parties' agreed wording;

(ii)

may not approve, vary, transcribe, interpret or ratify a settlement in any way;

(iii)

may not record any settlement beyond the scope of the Scheme, the Arbitration Agreement or the reference to the Scheme as initially accepted by ACAS.