The Contracts for Difference (Miscellaneous Amendments) (No. 3) Regulations 2025
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Change 1
7 Amendment to regulation 12 (contract budget revision)
In regulation 12— (a) for paragraph (2) substitute— (2) The Secretary of State— (a) may revise a contract budget notice (“a contract budget revision”)— (i) in the period after the contract budget notice has been given but before the first CFD notification, further to the allocation round to which the contract budget notice applies, has been given; and (ii) in accordance with paragraph (5); but (b) must only effect a contract budget revision by a notice (“a contract budget revision notice”) which complies with regulation 13. . (b) omit paragraphs (3) and (4); (c) in paragraph (5) omit “Where this paragraph applies,”.
7 Amendment to regulation 12 (contract budget revision)
In regulation 12— (a) for paragraph (2) substitute— (2) The Secretary of State— (a) may revise a contract budget notice (“a contract budget revision”)— (i) in the period after the contract budget notice has been given but before the first CFD notification, further to the allocation round to which the contract budget notice applies, has been given; and (ii) in accordance with paragraph (5); but (b) must only effect a contract budget revision by a notice (“a contract budget revision notice”) which complies with regulation 13. . (b) omit paragraphs (3) and (4); (c) in paragraph (5) omit “Where this paragraph applies,”.
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