# The Climate Change Agreements (Administration) (Amendment and Related Provision) Regulations 2016, Regulation 5: Administrator’s power to vary an agreement relating to the buy-out fee terms


(1) The administrator may vary an agreement to take account of the specified changes in the terms that must be included in an agreement.
(2) If the administrator varies an umbrella agreement, the administrator must also vary each underlying agreement with which it forms a combination of agreements for the purposes of paragraph 48 of Schedule 6 to the Finance Act 2000.
(3) If the administrator varies an umbrella agreement, the administrator must give notice in writing of the variation to the sector association which is a party to that agreement.
(4) If the administrator varies an underlying agreement, the administrator must give notice in writing of the variation to the operator which is a party to that agreement.
(5) Notice may be given by first class post or by electronic communication to the address of the sector association or operator as notified to the administrator.
(6) In this regulation—
“the administrator” means the Environment Agency;
“agreement” means an umbrella agreement or an underlying agreement;
“operator” means a party to an underlying agreement other than the administrator;
“sector association” means a party to an umbrella agreement other than the administrator;
“the specified changes” means the changes made by regulations 3 and 4 to the terms which must be included in an agreement;
“umbrella agreement” means an agreement that is an umbrella agreement for the purposes of paragraph 48 of Schedule 6 to the Finance Act 2000;
“underlying agreement” means an agreement that is an underlying agreement for the purposes of paragraph 48 of Schedule 6 to the Finance Act 2000 or, if there is no umbrella agreement, an agreement falling within paragraph 47 of Schedule 6 to the Finance Act 2000.

---
Source: https://www.legislation.gov.uk/uksi/2016/1189/regulation/5 (the official version)
Page: https://openlegislation.uk/climate-change-agreements-administration-amendment-and-related-provision-regulations-2016/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.