# The Telecommunications (Licence Modification) (Mobile Data Operator Licences) Regulations 2000, Paragraph 2


For the purposes of paragraph 1(e)(i), in applying section 123 of the Insolvency Act 1986:
(a) if a written demand served on the Licensee is satisfied prior to the expiry of the notice of revocation the Secretary of State shall not revoke the Licence; and
(b) the figure of “£750", or such other money sum as may be specified from time to time pursuant to sections 123(3) and 416 of the Insolvency Act 1986, shall be deemed to be replaced by “ £250,000 ” or such higher figure as the Director may from time to time determine.

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Source: https://www.legislation.gov.uk/uksi/2000/1714/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/telecommunications-licence-modification-mobile-data-operator-licences-regulations-2000/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.