Part 6Exempt income

Chapter 4SAYE interest

706Withdrawal and variation of certifications and connected requirements

1

The F3Commissioners may—

a

withdraw the requirements specified under section 705(1)(b) for any description of arrangements and any certification made by reference to those requirements, or

b

vary those requirements and withdraw any certification made by reference to them.

2

The withdrawal, or variation and withdrawal, is only effective if the F4Commissioners

a

specify the date on which it is to take effect, and

b

give notice of it F1... at least F215 days before that date to the provider authorised under section 707 to enter into contracts under the arrangement concerned.

3

The withdrawal, or variation and withdrawal, does not affect

F5a

the operation of the arrangement concerned before that date,

b

contracts made under that arrangement before that date, or

c

where the notice so provides, contracts which are of a description specified in the notice and are made under that arrangement after that date.