{
  "url": "https://openlegislation.uk/contracts-for-difference-allocation-regulations-2014/regulation-5",
  "json_url": "https://openlegislation.uk/contracts-for-difference-allocation-regulations-2014/regulation-5.json",
  "legislation": "uksi/2014/2011",
  "legislation_title": "The Contracts for Difference (Allocation) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/contracts-for-difference-allocation-regulations-2014",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Varying and terminating allocation rounds",
  "text": "(1) The Secretary of State may—\n(a) by notice (“a round variation notice”) vary the commencement date of an allocation round, where the commencement date of that allocation round has not yet passed; or\n(b) by notice (“a termination notice”) terminate an allocation round so that no CFDs are to be allocated further to that round.\n(2) A round variation notice or a termination notice must—\n(a) be given to the delivery body and the CFD counterparty;\n(b) ... state the date on which it has effect; and\n(c) identify the allocation round to which the notice applies.\n(3) A round variation notice must give reasons for the variation effected by the notice.\n(4) Where an allocation round is terminated after a contract allocation process in that round is completed, the termination notice must give reasons for the termination.\n(5) A ... termination notice is not valid unless the date on which it has effect is—\n(a) not earlier than the date of the notice; and\n(b) before the delivery body makes the first CFD notification further to the allocation round to which the notice applies.\n(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(6A) No variation of the commencement date of an allocation round ... may be made where the varied date would be earlier than 5 working days after the date of the round variation notice.\n(7) Where the delivery body receives a round variation notice or a termination notice, it must as soon as practicable after receipt send a copy of the notice to each applicant who has made an application (which has not been withdrawn) in the round to which the notice applies.",
  "extent": "E+W+S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 5(1)(a) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 6(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 5(2)(b) omitted (25.6.2021) by virtue of The Contracts for Difference (Miscellaneous Amendments) Regulations 2021 (S.I. 2021/758), regs. 1(1), 15(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 5(4) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 6(b)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 5(5) omitted (25.6.2021) by virtue of The Contracts for Difference (Miscellaneous Amendments) Regulations 2021 (S.I. 2021/758), regs. 1(1), 15(c)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Reg. 5(6) omitted (13.6.2024) by virtue of The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 6(c)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Reg. 5(6A) inserted (25.6.2021) by The Contracts for Difference (Miscellaneous Amendments) Regulations 2021 (S.I. 2021/758), regs. 1(1), 15(d)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in reg. 5(6A) omitted (13.6.2024) by virtue of The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 6(d)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 5 in force at 1.8.2014, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/2011/regulation/5",
    "retrieved_at": "2026-10-29T00:07:59.561936+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}