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Regulation 78 Status of certain decisions pending outcome of internal review

Original text. Later amendments are not shown.

(1)

This regulation applies where an affected person applies for an internal review (“review”) of a relevant decision.

(2)

The effect of the relevant decision is suspended during the period—

(a)

beginning with the day on which the application for the review is made, and

(b)

ending with the end of the day on which the person is notified of the deposit management organisation’s decision on that application in accordance with regulation 76(5).

(3)

In this regulation “affected person” and “relevant decision” have the meanings given in regulation 76(2).