Part 6Exempt income

Chapter 4SAYE interest

708Withdrawal and variation of authorisations

1

The F1Commissioners may withdraw the authorisation of a provider or vary it by imposing, varying or removing conditions.

2

The withdrawal or variation is only effective if the F2Commissioners

a

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

b

except in the case of a variation removing all conditions, give notice of it F3... to the provider at least 28 days before that date.

3

The withdrawal or variation does not affect contracts made before that date.

4

The fact that a provider has had its authorisation withdrawn or varied does not affect the later exercise by the F4Commissioners of their powers under section 707 or this section as respects the provider.