SCHEDULES
SCHEDULE 13 Transitional Provisions and Savings
Part IV On and After the Starting Date
Chapter III The Transitional Period
Transitional period for certain agreements
25
1
This paragraph applies to agreements—
a
which are subject to registration under the RTPA but which—
i
are not non-notifiable agreements within the meaning of section 27A of the RTPA, or
ii
are not agreements to which paragraph 5 applies; and
b
in respect of which the time for furnishing relevant particulars as required by or under the RTPA expires on or after the starting date.
2
“Relevant particulars” means—
a
particulars which are required to be furnished by virtue of section 24 of the RTPA; or
b
particulars of any variation of an agreement which are required to be furnished by virtue of sections 24 and 27 of the RTPA.
3
There is a transitional period of one year for an agreement to which this paragraph applies if—
a
relevant particulars are furnished before the starting date; and
b
no person has acted unlawfully (for the purposes of section 27ZA(2) or (3) of the RTPA) in respect of the agreement.
4
If relevant particulars are not furnished by the starting date, section 35(1)(a) of the RTPA does not apply in relation to the agreement (unless sub-paragraph (5) applies).
5
This sub-paragraph applies if a person falling within section 27ZA(2) or (3) of the RTPA has acted unlawfully for the purposes of those subsections in respect of the agreement.