{
  "url": "https://openlegislation.uk/draft-contracts-for-difference-allocation-regulations-2014/regulation-40",
  "json_url": "https://openlegislation.uk/draft-contracts-for-difference-allocation-regulations-2014/regulation-40.json",
  "legislation": "ukdsi/2014/9780111117316",
  "legislation_title": "The Contracts for Difference (Allocation) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/draft-contracts-for-difference-allocation-regulations-2014",
  "path": "regulation/40",
  "kind": "regulation",
  "number": "40",
  "heading": "Delay after completion of allocation processes",
  "text": "(1) Where the delay period has expired—\n(a) a proceed notice or a proceed direction must not be given; and\n(b) the delivery body must not re-run part only of the allocation process.\n(2) Where paragraph (1) applies the delivery body must—\n(a) re-run the allocation process;\n(b) comply with regulation 34(2) to (6); and\n(c) after completion of the re-run, comply with regulation 35 and Chapter 4 of this Part.\n(3) In this regulation, “delay period” means—\n(a) where a variation notice was not required to be given when the allocation process commenced, a period of more than 5 months has expired since the application closing date; or\n(b) where a variation notice was required to be given when the allocation process commenced, a period of more than 5 months has expired since the date on which the variation notice was required to be given.\n(4) The allocation framework for the allocation round may provide for a period other than “5 months” stated in paragraph (3)(a) or (b) and where such other period is provided, “delay period” has effect with that modification.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111117316/regulation/40",
    "retrieved_at": "2026-10-30T15:12:37.055661+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."
}