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3.—(1) Article 26B(1) (duty of every person involved in the administration of a scheme to give notice to the Authority as soon as reasonably practicable after it first appears to him as mentioned in Article 26B(1)(a) and (b) that the case falls within Article 26B(1)(a) to (d)) shall have effect as if for “as soon as reasonably practicable” there were substituted “within the period of one month”.
(2) The period prescribed for the purposes of Article 26B(3)(b) (the period during which no person is required to give notice to the Authority that the case falls within Article 26B(1)(a) to (d)) is the period of 3 months beginning with the relevant date.
(3) In paragraph (2) “the relevant date” means the date on which the event occurred by virtue of which the scheme in question became a scheme in relation to which Article 22 would apply but for regulations under Article 115(1).
See regulation 5 of S.R. 1997 No. 99
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