Regulation 59 Relevant changes in lawI1

Northern Ireland

(1)

This regulation applies in relation to an agreement in force between the holder of a licence under Article 10(1)(a) of the 1992 Order and any other holder of a licence under Article 10 of that Order which—

(a)

contains (in whatever terms) provisions which apply where there is a relevant change in law (as defined in the agreement); but

(b)

also contains provision which excludes from the definition of a relevant change in law any change in law which provides that it should not be a relevant change in law.

(2)

For the purposes of any such agreement none of the following that is to say—

(a)

these Regulations,

(b)

the coming into operation of any provision of them,

(c)

any scheme made under Part III of these Regulations, nor

(d)

the coming into operation of any such scheme

shall be a relevant change in law.

Annotations

Commencement

I1: Reg. 59 in operation at 3.7.2007, see reg. 1(1)