# The Hydrocarbons (Temporary Management Scheme) Regulations 2013, Regulation 23: Hydrocarbons contracts directed as managed contracts


(1) The Secretary of State may by notice given to each relevant party to a hydrocarbons contract, direct that the hydrocarbons contract is to be a managed contract.
(2) A direction given under paragraph (1)—
(a) may apply to more than one hydrocarbons contract; and
(b) must—
(i) identify each hydrocarbons contract to which the direction relates;
(ii) give the date on and from which the Secretary of State intends each contract to be a managed contract (“the commencement date”), which date must be no earlier than seven days after the date of the direction; and
(iii) state the rights period.
(3) The rights period must commence on the commencement date and end by no later than the end of the management period.
(4) A hydrocarbons contract may be identified under paragraph (2)(b)(i) by reference to a class or description of contract set out in the direction.
(5) The Secretary of State may before the commencement date give a notice withdrawing a direction given under paragraph (1).
(6) A notice under paragraph (4) must be given to each relevant party to whom the direction was given.
(7) Subject to a direction given under regulation 24, where a direction under paragraph (1) is not withdrawn, a hydrocarbons contract is a managed contract during the rights period.
(8) In this regulation, a “relevant party” means a person, other than the restricted person, whom the Secretary of State believes may be a party to the hydrocarbons contract.

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Source: https://www.legislation.gov.uk/uksi/2013/1329/regulation/23 (the official version)
Page: https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013/regulation-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.