Regulation 7 Management periods: maximum
The management period, including any extension under regulation 6, must not exceed the shorter of five years or the remaining term of the restricted licence.
Paragraph (3) applies where—
a temporary scheme (“S1”) which applied to the hydrocarbons interests of a person (“A”) has ended;
the Secretary of State is entitled under regulation 3(1) to apply a further temporary scheme (“S2”) to the hydrocarbons interests of A; and
the hydrocarbons interests to which the Secretary of State intends to apply S2 are the same, or substantially the same, as the hydrocarbons interests to which S1 applied.
Where this paragraph applies, the management period of S2 when added to the management period of S1 must not exceed the shorter of five years or the remaining period of the restricted licence.