Regulation 5 Application to modify the standard terms
An applicant may apply to the CFD counterparty for a modification to the standard terms after a notice establishing an allocation round (an “allocation round notice”) has been published by the Secretary of State in accordance with the Contracts for Difference (Allocation) Regulations 2014f1.
An application must be made promptly and no later than 20 working days before the application closing date specified in the allocation round notice.
An application must set out—
a description of the proposed modification to the standard terms; and
an explanation as to how the effect of the modification is minor and why it is necessary.
The CFD counterparty must publish guidance on the form of an application and the information to be included in an application.
The CFD counterparty may request such further information as it reasonably considers necessary to determine an application, and the applicant must, to the extent that it holds the information, comply with such a request as soon as reasonably practicable.
Annotations
Footnotes
- f1
-
S.I. 2014/[ ].