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Regulation 60 Determination of revised deposit level

Original text. Later amendments are not shown.

(1)

The deposit management organisation may determine a revised deposit level in respect of any deposit items.

(2)

The deposit management organisation must publish a notice, in such manner as it considers appropriate, which specifies—

(a)

the revised deposit level in respect of the relevant deposit items, and

(b)

the date on which the revised deposit level takes effect.

(3)

The date specified for the purposes of paragraph (2)(b) must not be before the end of the period of three calendar months beginning with the date on which the relevant notice is published.