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Regulation 15 Notification that a party no longer wishes to proceed

Original text. Later amendments are not shown.

(1)

Permission for a relevant undertaker to withdraw from the non-household retail market lapses if, before the exit date—

(a)

the relevant undertaker notifies the Secretary of State in writing that it no longer wishes to proceed; or

(b)

an acquiring licensee notifies the Secretary of State in writing that it no longer wishes to proceed.

(2)

Where an exit application lapses because of paragraph (1)(a), the Secretary of State must notify each acquiring licensee.

(3)

Where an exit application lapses because of paragraph (1)(b), the Secretary of State must notify the relevant undertaker and any other acquiring licensees.