OpenLegislation

Section 121 Duration of LME undertakingsI1I2

United Kingdom

(1)

An LME undertaking has effect from—

(a)

the time when it is accepted by the Secretary of State, or

(b)

any later time specified in the LME undertaking for this purpose.

(2)

An LME undertaking has effect for the period specified in the LME undertaking.

(3)

The maximum period for which an LME undertaking may have effect is two years.

(4)

The Secretary of State may release the subject from an LME undertaking.

(5)

The Secretary of State must release the subject from an LME undertaking if at any time during the period for which it has effect the Secretary of State believes that no measure in it is necessary for the purpose mentioned in section 120(6).

(6)

If the Secretary of State releases the subject from an LME undertaking, the Secretary of State must take whatever steps the Secretary of State considers appropriate to bring that fact to the attention of—

(a)

the subject;

(b)

any other persons likely to be interested in the matter.

Annotations

Commencement

I1

S. 121 not in force at Royal Assent, see s. 159(3)

I2

S. 121 in force at 7.4.2026 by S.I. 2026/323, reg. 4(1)(22)