Regulation 7 Non-fulfilment of undertakings
This regulation applies where an undertaking referred to in regulation 4(1), 5(1)(a) or 6(1) above has been given but, at any time after these Regulations come into force and before the end of the restriction period, the undertaking is not fulfilled.
Where the recipient of the premium has given an undertaking that is not fulfilled he shall on demand—
pay to the appropriate Minister an amount equal to that premium; and,
in addition, repay that premium to the appropriate Minister.
Where any person other than the recipient of the premium has given the undertaking that is not fulfilled—
he shall on demand pay to the appropriate Minister an amount equal to that premium; and
the recipient of the premium shall on demand repay it to the appropriate Minister.