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Regulation 28 Amendment to regulation 59 (revocation of accreditation)

Original text. Later amendments are not shown.

In regulation 59—

(a)

at the end of paragraph (1)(b) omit “or”,

(b)

after paragraph (1)(c) insert—

“; or

(d)

where there has been an assignment—

(i)

there is or has been a serious or repeated failure by an NRI to comply with an ongoing obligation; or

(ii)

there is no longer an NRI in respect of the relevant accredited domestic plant,”,

(c)

for paragraph (2) substitute—

“(2)

Where—

(a)

paragraph (1) applies, the Authority may revoke the accreditation for the relevant accredited domestic plant;

(b)

sub-paragraphs (1)(a), (b) or (c) apply, the Authority may revoke the accreditation for any other accredited domestic plants owned by that participant;

(c)

sub-paragraph (1)(d)(i) applies, the Authority may revoke the accreditation for any other accredited domestic plant in respect of which RI is the NRI.”,

(d)

in paragraph (3)—

(i)

after “the participant” where it appears for the first time insert “and, where there is an assignment, the NRI”,

(ii)

in sub-paragraph (a) after “including” insert “, where applicable,” and after “the participant” insert “or, where there is an assignment, the NRI (or both),”,

(iii)

in sub-paragraph (c) after “participant’s” insert “or the NRI’s (as the case may be)”.