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There are currently no known outstanding effects for The Contracts for Difference (Allocation) Regulations 2014, Section 34.![]()
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34.—(1) This regulation applies where the commencement of [F2a contract allocation process] under regulation 33 is more than 5 months after the application closing date.
(2) The Secretary of State may give a notice to the delivery body to require it to give a notice (“a variation notice”) to each qualifying applicant and pending applicant which states that [F3target dates] may be [F4delayed] by the applicant by a period not greater than that specified in the Secretary of State’s notice.
(3) The delivery body must comply with a notice given to it by the Secretary of State under paragraph (2).
(4) Where a variation notice is given, a qualifying applicant or pending applicant who wishes to [F5delay] the target dates must do so by giving a notice to the delivery body with any [F6delayed] target dates by no later than 5 working days after the date of the variation notice.
(5) Where [F6delayed] target dates are provided in accordance with paragraph (4), the delivery body must—
(a)substitute those dates for those provided with the application; and
(b)to the extent that those dates affect any of the applications valuations determined under regulation 29, re-determine in accordance with regulation 29 such of the applications valuations as are affected.
(6) The delivery body must not continue with the [F7contract allocation process] until the later of—
(a)the time to provide [F6delayed] target dates has expired; or
(b)any re-determination of applications valuations required under [F8paragraph (5)(b)] has been made.
Textual Amendments
F1Words in reg. 34 heading substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 37(a)
F2Words in reg. 34(1) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 37(b)
F3Words in reg. 34(2) substituted (20.7.2016) by The Contracts for Difference (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/784), regs. 1(1), 11(a)
F4Word in reg. 34(2) substituted (20.7.2016) by The Contracts for Difference (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/784), regs. 1(1), 11(b)
F5Word in reg. 34(4) substituted (20.7.2016) by The Contracts for Difference (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/784), regs. 1(1), 11(c)
F6Word in reg. 34(4)-(6) substituted (20.7.2016) by The Contracts for Difference (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/784), regs. 1(1), 11(b)
F7Words in reg. 34(6) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 37(c)
F8Words in reg. 34(6)(b) substituted (20.7.2016) by The Contracts for Difference (Miscellaneous Amendments) Regulations 2016 (S.I. 2016/784), regs. 1(1), 11(d)
Commencement Information
I1Reg. 34 in force at 1.8.2014, see reg. 1(1)
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