Regulation 27 Termination notices

(1)

The Secretary of State—

(a)

where regulation 26(1) applies, must give a notice to end a temporary scheme (“a termination notice”); and

(b)

where regulation 26(1) does not apply, may give a termination notice.

(2)

A termination notice must—

(a)

identify the decision notice further to which the temporary scheme commenced and any extension notice further to which the management period was extended;

(b)

state the date on which the temporary scheme ends (“ the termination date”);

(c)

be given—

(i)

to the persons listed in paragraph (4); and

(ii)

as far in advance of the termination date as possible and in any event no less than 21 days before the termination date; and

(d)

be dated.

(3)

In paragraph (2)(b), “the termination date” is—

(a)

where regulation 26(1) applies, the early enforced termination date; and

(b)

where regulation 26(1) does not apply, a date determined by the Secretary of State, being a date no later than the end of the management period.

(4)

The persons referred to in paragraph (2)(c)(i) are—

(a)

the restricted person;

(b)

a person other than the restricted person who holds the relevant licence at the date of the notice;

(c)

the operator appointed in respect of the restricted licence at the date of the notice, if not the person described in subparagraph (a) or (b);

(d)

a party to a contract which is a managed contract at the date of the notice or to a contract which was a managed contract during the management period;

(e)

a party to a new contract which is in existence at the date of the notice;

(f)

a financial institution which holds or has held a temporary management account or decommissioning account;

(g)

a person (other than one described in subparagraphs (b) to (f)) to whom an Article 43a notice is given further to a request for such a notice from that person.