{
  "url": "https://openlegislation.uk/draft-contracts-for-difference-allocation-regulations-2014/regulation-59",
  "json_url": "https://openlegislation.uk/draft-contracts-for-difference-allocation-regulations-2014/regulation-59.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/59",
  "kind": "regulation",
  "number": "59",
  "heading": "Directions ceasing to have effect",
  "text": "(1) A direction given under section 10(1) of the Act ceases to have effect, if the specified person (or, if there is more than one specified person, any of them)—\n(a) rejects the offer to contract on the specified terms; or\n(b) does not accept the offer to contract on the specified terms before the expiry of the period specified pursuant to regulation 57(1)(c).\n(2) If a direction ceases to have effect in accordance with paragraph (1), the CFD counterparty must withdraw any offer of a contract that it has made in compliance with that direction.",
  "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/59",
    "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."
}