Regulation 103 Determination that term is not impracticable
(1)
Where the Bank of England concludes, following an assessment under regulation 102(1), that it is not impracticable to comply with the obligation in regulation 94(1) in relation to a particular contract—
(a)
it must, within a reasonable period from the notification in regulation 100(3), require the undertaking to comply with the obligation; and
(b)
it may require the undertaking to amend its practices on determinations under regulation 100(1).
(2)
An undertaking must comply with any requirement imposed under paragraph (1).