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Regulation 3 Directions by the Board

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The Board shall, before giving a direction under paragraph 62 of Schedule 8, give the transferor and the transferee written notice specifying a date, at least two months after the date of the notice, by which written representations and supporting documents must be submitted to the Board.

(2)

The transferor and the transferee shall each send to the other copies of any written representations and supporting documents which they submit to the Board.

(3)

The Board shall not give a direction under paragraph 62 of Schedule 8 before they have considered any written representations and supporting documents submitted by the date specified in accordance with paragraph (1) above and they may give such a direction taking into account only written representations and supporting documents which have been so submitted.

(4)

The Board may proceed to a determination, after giving the transferor and transferee written notice of their intention to do so, notwithstanding that no written representations have been made by the date specified in paragraph (1) above, if it appears to the Board that they have sufficient material before them to make a determination.