Section 706 Withdrawal and variation of certifications and connected requirements
United Kingdom
The F1Commissioners may—
withdraw the requirements specified under section 705(1)(b) for any description of arrangements and any certification made by reference to those requirements, or
vary those requirements and withdraw any certification made by reference to them.
The withdrawal, or variation and withdrawal, is only effective if the F2Commissioners —
specify the date on which it is to take effect, and
The withdrawal, or variation and withdrawal, does not affect
the operation of the arrangement concerned before that date,
contracts made under that arrangement before that date, or
where the notice so provides, contracts which are of a description specified in the notice and are made under that arrangement after that date.
Annotations
Textual amendments
- F1
Word in s. 706(1) substituted (retrospective to 29.4.2009) by Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 3
- F2
Word in s. 706(2) substituted (retrospective to 29.4.2009) by Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 3
- F3
Words in s. 706(2)(b) omitted (retrospective to 29.4.2009) by virtue of Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 6(a)
- F4
Words in s. 706(2)(b) substituted (retrospective to 29.4.2009) by Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 7
- F5
S. 706(3)(a)(b)(c) substituted for words(retrospective to 29.4.2009) by Finance Act 2009 (c. 10), s. 50(2), Sch. 26 para. 8