Finance Act 2002

Period of accreditation

7 (1) An accreditation has effect for a period of three years beginning on such day as may be specified in the accreditation, being a day which is no earlier than—

(a) if the body is not accredited under this Schedule at the time the application is made, the day the accreditation is granted, and

(b) if the body is so accredited, the time the body’s current accreditation expires.

This is subject to sub-paragraphs (2) and (3).

(2) Where the application for an accreditation is made before 6th April 2003, the accreditation may specify that it is to have effect for a period—

(a) beginning on 17th April 2002 or such later day as may be specified in the accreditation, and

(b) ending immediately before the third anniversary of the day the accreditation is granted.

(3) Where the body is accredited at the time the application is made and it makes a request under this sub-paragraph, the new accreditation may specify that the existing accreditation is to be treated for the purposes of this Schedule (including sub-paragraph (1)(b) above) as expiring immediately before the grant of the new accreditation (if it would otherwise expire at a later time).

(4) This paragraph has effect subject to paragraph 5(3)(b) (power to provide for the withdrawal of accreditation).