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4(1)The following provisions apply where the Mayor of London—E+W
(a)approves any levels of charges on a submission under paragraph 3(1), or
(b)sets any such levels under paragraph 3(2).
(2)The Mayor must notify the Secretary of State of the levels of charges so approved or set.
(3)The levels of charges shall not come into force until after the expiration of—
(a)the period of one month beginning with the date on which the notification is given, or
(b)such shorter period as the Secretary of State may allow.
(4)The Secretary of State may before the end of that period give notice to the Mayor of London that he objects to the levels of charges on the grounds that some or all of them are excessive.
If he does so those levels of charges shall not come into force unless and until the objection has been withdrawn.
(5)If at any time before the levels of charges have come into force, the Secretary of State considers that some or all of them are excessive, he may make regulations setting the levels of charges.
Those levels must be no higher than those notified under sub-paragraph (2).
(6)If the Secretary of State makes regulations under sub-paragraph (5) no further submission to the Mayor of London under paragraph 3(1) may be made until after the end of the period of twelve months beginning with the day on which the regulations are made.
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