The Contracts for Difference (Allocation) Regulations 2014
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Change 1
8 Framework revisions
(1) Subject to paragraph (2), the Secretary of State may— (a) amend or add to the provisions of a contract allocation framework identified in a contract framework notice; or (b) subject to paragraph (3), remove the application of a contract allocation framework to an allocation round. (2) No amendment, addition or removal under paragraph (1) may be made later than 10 working days before the application opening date. (2A) Subject to paragraph (2B), the Secretary of State may amend or add to the provisions of a sustainable industry reward allocation framework identified in a sustainable industry reward allocation framework notice. (2B) No amendment or addition under paragraph (2A) may be made later than 10 working days before the date on which the sustainable industry reward allocation process will commence, as specified in the sustainable industry reward framework notice or in a sustainable industry reward framework revision notice. (2C) Subject to paragraph (5)(d), the Secretary of State may vary the date on which the sustainable industry reward allocation process will commence, as specified in the sustainable industry reward framework notice, or in a sustainable industry reward framework revision notice. (3) Where the application of a contract allocation framework to an allocation round is to be removed, the Secretary of State must— (a) unless the allocation round is terminated, ensure that another contract allocation framework applies to the allocation round; and (b) comply with regulation 7 in respect of that other contract allocation framework. (4) Where the Secretary of State amends or adds to the provisions of a contract allocation framework, or removes a contract allocation framework, the Secretary of State must give a notice (“a contract framework revision notice”) to the delivery body and the CFD counterparty which states— (a) the date on which the amendment, addition or removal has effect, which must not be earlier than the date of the notice; (b) how a contract allocation framework has been amended or added to; and (c) where the contract allocation framework is to apply to more than one allocation round, the allocation round or rounds affected by the amendment, addition or removal. (5) Where the Secretary of State amends or adds to the provisions of a sustainable industry reward allocation framework, or varies the date specified in the sustainable industry reward framework notice as the date on which the sustainable industry reward allocation process will commence, the Secretary of State must give a notice (“a sustainable industry reward framework revision notice”) to the delivery body and the CFD counterparty which states, where applicable— (a) the date on which an amendment or addition to the sustainable industry reward allocation framework has effect, which must not be earlier than the date of the notice; (b) how the sustainable industry reward allocation framework has been amended or added to; (c) where the sustainable industry reward allocation framework is to apply to more than one allocation round, the allocation round or rounds affected by the amendment or addition; and (d) the varied date on which the sustainable industry reward allocation process will commence....
8 Framework revisions
(1) Subject to paragraph (2), the Secretary of State may— (a) amend or add to the provisions of a contract allocation framework identified in a contract framework notice; or (b) subject to paragraph (3), remove the application of a contract allocation framework to an allocation round. (2) No amendment, addition or removal under paragraph (1) may be made later than 10 working days before the application opening date. (2A) Subject to paragraph (2B), the Secretary of State may amend or add to the provisions of a sustainable industry reward allocation framework identified in a sustainable industry reward allocation framework notice. (2B) No amendment or addition under paragraph (2A) may be made later than 10 working days before the date on which the sustainable industry reward allocation process will commence, as specified in the sustainable industry reward framework notice or in a sustainable industry reward framework revision notice. (2C) Subject to paragraph (5)(d), the Secretary of State may vary the date on which the sustainable industry reward allocation process will commence, as specified in the sustainable industry reward framework notice, or in a sustainable industry reward framework revision notice. (3) Where the application of a contract allocation framework to an allocation round is to be removed, the Secretary of State must— (a) unless the allocation round is terminated, ensure that another contract allocation framework applies to the allocation round; and (b) comply with regulation 7 in respect of that other contract allocation framework. (4) Where the Secretary of State amends or adds to the provisions of a contract allocation framework, or removes a contract allocation framework, the Secretary of State must give a notice (“a contract framework revision notice”) to the delivery body and the CFD counterparty which states— (a) the date on which the amendment, addition or removal has effect, which must not be earlier than the date of the notice; (b) how a contract allocation framework has been amended or added to; and (c) where the contract allocation framework is to apply to more than one allocation round, the allocation round or rounds affected by the amendment, addition or removal. (5) Where the Secretary of State amends or adds to the provisions of a sustainable industry reward allocation framework, or varies the date specified in the sustainable industry reward framework notice as the date on which the sustainable industry reward allocation process will commence, the Secretary of State must give a notice (“a sustainable industry reward framework revision notice”) to the delivery body and the CFD counterparty which states, where applicable— (a) the date on which an amendment or addition to the sustainable industry reward allocation framework has effect, which must not be earlier than the date of the notice; (b) how the sustainable industry reward allocation framework has been amended or added to; (c) where the sustainable industry reward allocation framework is to apply to more than one allocation round, the allocation round or rounds affected by the amendment or addition; and (d) the varied date on which the sustainable industry reward allocation process will commence....
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