# The Hydrocarbons (Temporary Management Scheme) Regulations 2013, Regulation 17: Power to enter into new contracts


(1) The Secretary of State may enter into a contract (“a new contract”) on behalf of a restricted person in respect of a restricted interest.
(2) The Secretary of State must ensure that a new contract provides that—
(a) the period for performance of the contract does not continue after the end of the management period; and
(b) the contract may be terminated as provided by regulation 30.
(3) The Secretary of State is not a party to a new contract by virtue of exercising the power in paragraph (1) but the Secretary of State is not precluded from being a party in exercise of any other power.

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Source: https://www.legislation.gov.uk/uksi/2013/1329/regulation/17 (the official version)
Page: https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013/regulation-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.