48 Withdrawal of, or from, statement

48  Withdrawal of, or from, statement

(1)     If any of the policy authorities that prepared and adopted an MPS—

(a)     comes to the conclusion that it desires to withdraw from the MPS, and

(b)     publishes notice of that conclusion in each of the Gazettes,

the authority is to be regarded as having withdrawn from the MPS as from the date on which the notice is so published.

(2)     Before arranging to publish any such notice, the policy authority must inform each of the other policy authorities that it intends

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