# The Green Deal (Disclosure) Regulations 2012, Regulation 5: Specified time for disclosure of green deal plan: sales by auction


(1) This regulation provides for the specified time for the purposes of section 12(2)(b) of the Act where A intends to sell a green deal property or a lease of such a property at a written bids auction or an oral and written bids auction.
(2) Except where paragraph (3) or (4) applies, the specified time is whichever is the earlier of—
(a) the time B views the green deal property; or
(b) where the property is to be sold by—
(i) written bids auction, the time when A requires written bids to be submitted to A or an agent; or
(ii) oral and written bids auction, the time when the process of making oral bids at the auction commences.
(3) Where B becomes a prospective buyer by virtue of making a written bid, the specified time for the purposes of section 12(2)(b) of the Act is—
(a) as soon as practicable after A or an agent receives B’s bid; but
(b) before the bid is accepted.
(4) Where B becomes a prospective buyer by virtue of making an oral bid, the specified time for the purposes of section 12(2)(b) of the Act is before the bid is accepted.

---
Source: https://www.legislation.gov.uk/uksi/2012/1660/regulation/5 (the official version)
Page: https://openlegislation.uk/green-deal-disclosure-regulations-2012/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.