4(1)If in the case of a participation agreement the Secretary of State—
(a)is satisfied that any condition applying to the school under the agreement or by virtue of regulations made under section 480 has been contravened, or
(b)is not satisfied that appropriate educational standards are being maintained at the school, or
(c)is not satisfied that section 550 (which provides that a person is not to be refused education at a school because section 548 would prevent his being given corporal punishment) is being complied with in relation to the school,
he may at any time terminate the agreement by written notice to the proprietors of the school.
(2)A notice of termination given under this paragraph may provide that it shall be treated as of no effect if the proprietors of the school satisfy the Secretary of State within such time as may be specified in the notice that they have complied with any condition so specified.