# The Hydrocarbons (Temporary Management Scheme) Regulations 2013, Regulation 31: Early termination: temporary management accounts


(1) Paragraph (2) applies where—
(a) a termination notice provides for an early termination;
(b) a financial institution holds a temporary management account; and
(c) the termination notice is not withdrawn.
(2) Where this paragraph applies, the Secretary of State must give notice to a financial institution which holds a temporary management account that from a date stated in the notice, subject to regulation 32, the account ceases to be a temporary management account.
(3) The date stated in the notice under paragraph (2) must be no later than the termination date.
(4) A notice under paragraph (2) must be given as soon as possible after the termination notice is given.

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Source: https://www.legislation.gov.uk/uksi/2013/1329/regulation/31 (the official version)
Page: https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013/regulation-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.