23.—(1) A tied pub tenant may give a notice (an “MRO notice”) to the pub-owning business where—
(a)the event specified in regulation 24 or 25 occurs; or
(b)the event specified in regulation 26 or 27 occurs and the investment exception does not apply (see regulation 56).
(2) The MRO notice must be—
(a)in writing; and
(b)received by the pub-owning business within the period of 21 days beginning with the day on which the event mentioned in paragraph (1) occurred.
(3) The MRO notice must include—
(a)the tenant’s name, postal address, email address (if any) and telephone number;
(b)the date on which the notice is being sent;
(c)the name of the tied pub in relation to which the request for an offer of a market rent only option is being made and its address;
(d)the date on which the event mentioned in paragraph (1) occurred; and
(e)a description of that event which, in the tenant’s opinion, demonstrates that it is an event specified in regulation 24, 25, 26 or 27.
(4) A tied pub tenant may not give an MRO notice to the pub-owning business where—
(a)the tenant has already given an MRO notice under paragraph (1); and
(b)the MRO procedure(1) which relates to that notice has not ended.
Section 44(1)(a) of SBEEA 2015 defines “MRO procedure”.