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The Contracts for Difference (Allocation) Regulations 2014

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Proceeding, re-running [F1a contract allocation process] or terminating an allocation roundE+W+S

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38.—(1) F2... Where the delivery body gives—

(a)a proceed notice, the Secretary of State may give the delivery body a direction—

(i)to re-run the [F3contract allocation process] or a part of it as set out in the direction and when to commence the re-run (“a re-run direction”); or

(ii)to take no further steps in respect of the allocation round (“a halt direction”);

(b)a re-run notice, the Secretary of State may give the delivery body—

(i)a direction to proceed in accordance with Part 6 and when to do so (“a proceed direction”); or

(ii)a halt direction.

(2) A direction under paragraph (1) may not be given later than 2 working days after the date of the proceed notice or the re-run notice.

(3) The Secretary of State must give a termination notice as soon as practicable after giving a halt direction.

Textual Amendments

Commencement Information

I1Reg. 38 in force at 1.8.2014, see reg. 1(1)

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