# The Independent System Operator and Planner Transfer Scheme Compensation Regulations 2024, Regulation 3: Absence of agreement regarding compensation

Extent: E+W+S

(1) There is an absence of agreement regarding compensation, for the purpose of paragraph 8(2)(b) of Schedule 9, when the conditions in paragraph (2) are satisfied.
(2) The conditions are—
(a) that the Secretary of State has made a draft offer to the transferor and has proposed arrangements to discuss the terms of the draft offer with the transferor;
(b) that the Secretary of State has made a transfer offer to the transferor within the period beginning 1 month, and ending 24 months, after the day following that on which the Secretary of State made the draft offer; and
(c) that the transferor has not given the Secretary of State written notice agreeing to the transfer offer within the period of 10 working days beginning with the day after that on which the Secretary of State made the transfer offer.
(3) A written notice by the transferor agreeing to the transfer offer may not contain modifications to the transfer offer.

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Source: https://www.legislation.gov.uk/uksi/2024/125/regulation/3 (the official version)
Page: https://openlegislation.uk/independent-system-operator-and-planner-transfer-scheme-compensation-regulations-2024/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.