Paragraph 2 Financial plansI1I2
England and Wales
A financial plans condition is a condition requiring a club to—
(a)
submit a financial plan containing specified information to the IFR before a specified date,
(b)
update the financial plan—
(i)
annually or at such more frequent intervals as may be specified, and
(ii)
as soon as reasonably practicable after there has been a material change in circumstances affecting the club, and
submit that updated plan to the IFR, and
(c)
act in accordance with the latest financial plan submitted to the IFR.
Annotations
Commencement
- I1
Sch. 5 para. 2 in force at Royal Assent for specified purposes, see s. 100(2)(g)
- I2
Sch. 5 para. 2 in force at 1.11.2026 in so far as not already in force by S.I. 2026/1135, reg. 3(1)(a)(xiii)