The Tax Relief for Social Investments (Accreditation of Social Impact Contractor) Regulations 2014
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Change 1
9 Withdrawal of accreditation
(1) The Secretary of State may withdraw an accreditation where there is a failure to comply with any requirement of an accreditation. (2) A withdrawal of an accreditation must be given by notice to the company which is or has been an accredited social impact contractor by the Secretary of State specifying the date from which accreditation is withdrawn (which may be the date of the failure or a later date) and the reasons for the withdrawal. (3) The company must within 30 days of receiving notice under paragraph (2) of withdrawal of accreditation give notice to each of the investors to which it has issued a compliance certificate in respect of investments made within the specified period stating that accreditation has been or will be withdrawn and specifying the date from which accreditation is withdrawn. (4) For the purpose of paragraph (3), “specified period” means the three years immediately preceding the date from which accreditation is withdrawn.
9 Withdrawal of accreditation
(1) The Secretary of State may withdraw an accreditation where there is a failure to comply with any requirement of an accreditation. (2) A withdrawal of an accreditation must be given by notice to the company which is or has been an accredited social impact contractor by the Secretary of State specifying the date from which accreditation is withdrawn (which may be the date of the failure or a later date) and the reasons for the withdrawal. (3) The company must within 30 days of receiving notice under paragraph (2) of withdrawal of accreditation give notice to each of the investors to which it has issued a compliance certificate in respect of investments made within the specified period stating that accreditation has been or will be withdrawn and specifying the date from which accreditation is withdrawn. (4) For the purpose of paragraph (3), “specified period” means the three years immediately preceding the date from which accreditation is withdrawn.
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