Part 6Exempt income

Chapter 4SAYE interest

706Withdrawal and variation of certifications and connected requirements

(1)

The F1Commissioners may—

(a)

withdraw the requirements specified under section 705(1)(b) for any description of arrangements and any certification made by reference to those requirements, or

(b)

vary those requirements and withdraw any certification made by reference to them.

(2)

The withdrawal, or variation and withdrawal, is only effective if the F2Commissioners —

(a)

specify the date on which it is to take effect, and

(b)

give notice of it F3... at least F415 days before that date to the provider authorised under section 707 to enter into contracts under the arrangement concerned.

(3)

The withdrawal, or variation and withdrawal, does not affect

F5(a)

the operation of the arrangement concerned before that date,

(b)

contracts made under that arrangement before that date, or

(c)

where the notice so provides, contracts which are of a description specified in the notice and are made under that arrangement after that date.