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Regulation 14 Application of Part 4

Original text. Later amendments are not shown.

This Part applies to a system (“S”) and a body corporate or unincorporated body of persons (“P”) that is the operator of S, where—

(a)

immediately before exit day, S is specified as a system and P is specified as the system operator in relation to S, by an EEA state (other than the United Kingdom), to be included within the scope of the Settlement Finality Directive in accordance with article 10 of that directive; and

(b)

before exit day, P has complied with the notification requirement in regulation 15.