The Contracts for Difference (Allocation) Regulations 2014
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Change 1
40 Delay after completion of contract allocation processes
(1) Where the delay period has expired— (a) a proceed notice or a re-run notice must not be given; and (b) the delivery body must not re-run part only of the contract allocation process. (2) Where paragraph (1) applies the delivery body must— (a) re-run the contract allocation process; (b) comply with regulation 34(2) to (6); and (c) after completion of the re-run, comply with regulation 35 and Chapter 4 of this Part. (3) In this regulation, “delay period” means— (a) where a variation notice was not required to be given when the contract allocation process commenced, a period of more than 5 months has expired since the application closing date; or (b) where a variation notice was required to be given when the contract allocation process commenced, a period of more than 5 months has expired since the date on which the variation notice was required to be given. (4) The contract allocation framework for the allocation round may provide for a period other than “5 months” stated in paragraph (3)(a) or (b) and where such other period is provided, “delay period” has effect with that modification.
40 Delay after completion of contract allocation processes
(1) Where the delay period has expired— (a) a proceed notice or a re-run notice must not be given; and (b) the delivery body must not re-run part only of the contract allocation process. (2) Where paragraph (1) applies the delivery body must— (a) re-run the contract allocation process; (b) comply with regulation 34(2) to (6); and (c) after completion of the re-run, comply with regulation 35 and Chapter 4 of this Part. (3) In this regulation, “delay period” means— (a) where a variation notice was not required to be given when the contract allocation process commenced, a period of more than 5 months has expired since the application closing date; or (b) where a variation notice was required to be given when the contract allocation process commenced, a period of more than 5 months has expired since the date on which the variation notice was required to be given. (4) The contract allocation framework for the allocation round may provide for a period other than “5 months” stated in paragraph (3)(a) or (b) and where such other period is provided, “delay period” has effect with that modification.
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