146 Schemes which become eligible schemes

Refusal to assume responsibility

146  Schemes which become eligible schemes

(1)     Regulations may provide that where the Board is satisfied that an eligible scheme was not such a scheme throughout such period as may be prescribed, the Board must refuse to assume responsibility for the scheme under this Chapter.

(2)     Where, by virtue of subsection (1), the Board is required to refuse to assume responsibility for a scheme, it—

(a)     must issue a notice to

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