# The Contracts for Difference (Electricity Supplier Obligations) Regulations 2014, Paragraph 5


Regulation 6 has effect as if—
(a) every reference to “the CFD counterparty” is a reference to “a CFD counterparty”; and
(b) in relation to a CFD counterparty designated under section 7 of the Act on or after 1st January 2015, there is no requirement for that CFD counterparty to determine a levy rate in respect of the first quarterly obligation period which commences after its designation.

---
Source: https://www.legislation.gov.uk/ukdsi/2014/9780111116784/schedule/paragraph/5 (the official version)
Page: https://openlegislation.uk/draft-contracts-for-difference-electricity-supplier-obligations-regulations-2014/schedule/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.