OpenLegislation

Regulation 7 Framework noticesI1

England, Wales and Scotland

(1)

The Secretary of State must by notice (“a F1contract framework notice”) identify the F2contract allocation framework which applies to an allocation round.

(2)

A F3contract framework notice must—

(a)

be given to the delivery body and the CFD counterparty; and

(b)

be given no later than 10 working days before the F4application opening date, including where the notice is required by regulation 8(3)(b).

F5(3)

Where the Secretary of State applies a sustainable reward allocation framework to an allocation round, the Secretary of State must by notice (a “sustainable industry reward framework notice”) identify the sustainable industry reward allocation framework which applies to that allocation round.

(4)

A sustainable industry reward framework notice must—

(a)

be given to the delivery body and the CFD counterparty;

(b)

specify the date on which the sustainable industry reward allocation process will commenceF6...; and

(c)

must be given as soon as practicable after the date of the allocation round notice establishing the allocation round to which the sustainable industry reward framework notice applies.

Annotations

Textual amendments

F1

Words in reg. 7(1) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 9(a)(i)

F2

Words in reg. 7(1) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 9(a)(ii)

F3

Words in reg. 7(2) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 9(b)

F4

Words in reg. 7(2)(b) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 9(c)

F5

Reg. 7(3)(4) inserted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 9(d)

F6

Words in reg. 7(4)(b) omitted (15.4.2026) by virtue of The Contracts for Difference (Sustainable Industry Rewards and Contract Budget Notice Amendments) Regulations 2026 (S.I. 2026/411), regs. 1(1), 7

Commencement

I1

Reg. 7 in force at 1.8.2014, see reg. 1(1)