246D

Board may set and notify pre‑set minimums

In force

(1)

The Board —

(a)

may set a minimum amount for a regulation that refers to a pre‑set minimum; and

(b)

if the Board does so, must notify Members to whom the regulation applies of the amount.

(2)

The amount the Board sets and notifies is the pre‑set minimum for the purposes of the regulation.

(3)

The Board may —

(a)

change a pre‑set minimum by setting, and notifying Members of, a new minimum amount to replace it; or

(b)

revoke a pre‑set minimum, so that no minimum amount replaces it, by notifying Members of the revocation.

[Regulation 246D inserted: SL 2023/205 r. 24.]

Research tools for this sectionSubscription

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.