Regulation 53R Termination of abandonment security effective only where notice givenF1
(1)
The termination by an abandonment security provider of an abandonment security before the end of its period of validity is effective only if the abandonment security provider gives at least 30 days’ prior notice to the Secretary of State.
(2)
A notice under paragraph (1) must—
(a)
be in writing; and
(b)
include a copy of the abandonment security document.
(3)
“Abandonment security document” has the meaning given in regulation 53Q(6).