Regulation 97T Outcome of application for reduction in the value of security heldF1

If an application under regulation 97S(1) (application for reduction in the value of security held) is successful, the officer must inform PGS of the reduced value of security that is still required or, where that value is nil, that the requirement for security has been cancelled.

HMRC may make such arrangements as they think fit to ensure the necessary reduction in the value of security held.