Regulation 22 Exit notices
(1)
The operator of a RIF may give an exit notice for the purpose of the scheme ceasing to be a RIF.
(2)
An “exit notice” means a notice given to HMRC setting out—
(a)
the date from which the scheme is to be treated as having ceased to be, or will cease to be, a RIF, and
(b)
the reasons for the operator of the RIF’s decision that the scheme is to be treated as having ceased to be, or will cease to be, a RIF.
(3)
An exit notice may be made at any time—
(a)
prior to the date specified in the notice for the purposes of paragraph (2)(a), or
(b)
before the end of the period of 3 months beginning with that date.
(4)
The RIF will cease to be, or be treated as having ceased to be, a RIF from the beginning of the date specified in the exit notice.