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The Contracts for Difference (Allocation) Regulations 2014

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Change 1

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As published

5A Varying application windows

(1) Subject to paragraphs (3) to (5), the Secretary of State may by notice (“an application window variation notice”) vary the application window by varying— (a) the application opening date, where that date has not yet passed; or (b) the application closing date, where that date has not yet passed. (2) An application window variation notice must— (a) be given to the delivery body and the CFD counterparty; (b) state the date on which it has effect; (c) identify the allocation round to which the notice applies; and (d) state the reasons for the variation effected by the notice. (3) No variation of the application opening date or the application closing date may be made where the application closing date would be earlier than 10 working days after the application opening date. (4) No variation of the application opening date or the application closing date may be made where the varied date would be earlier than 5 working days after the date of the application window variation notice. (5) Where the allocation round to which the application window variation notice applies is one to which a sustainable industry reward allocation framework applies, no variation of the application opening date may be made where the varied date would be earlier than the date which is the day after the day the sustainable industry reward allocation process concludes. (6) Where the delivery body receives an application window variation notice, it must as soon as practicable after receipt send a copy of the notice to each applicant who has made an application (which has not been withdrawn) in the round to which the notice applies.

Your change, as a redline

5A Varying application windows

(1) Subject to paragraphs (3) to (5), the Secretary of State may by notice (“an application window variation notice”) vary the application window by varying— (a) the application opening date, where that date has not yet passed; or (b) the application closing date, where that date has not yet passed. (2) An application window variation notice must— (a) be given to the delivery body and the CFD counterparty; (b) state the date on which it has effect; (c) identify the allocation round to which the notice applies; and (d) state the reasons for the variation effected by the notice. (3) No variation of the application opening date or the application closing date may be made where the application closing date would be earlier than 10 working days after the application opening date. (4) No variation of the application opening date or the application closing date may be made where the varied date would be earlier than 5 working days after the date of the application window variation notice. (5) Where the allocation round to which the application window variation notice applies is one to which a sustainable industry reward allocation framework applies, no variation of the application opening date may be made where the varied date would be earlier than the date which is the day after the day the sustainable industry reward allocation process concludes. (6) Where the delivery body receives an application window variation notice, it must as soon as practicable after receipt send a copy of the notice to each applicant who has made an application (which has not been withdrawn) in the round to which the notice applies.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

How this law is officially changed

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