Part 6Exempt income
Chapter 4SAYE interest
708Withdrawal and variation of authorisations
(1)
The Treasury may withdraw the authorisation of a provider or vary it by imposing, varying or removing conditions.
(2)
The withdrawal or variation is only effective if the Treasury—
(a)
specify the date on which it is to take effect, and
(b)
except in the case of a variation removing all conditions, give notice of it by post to the provider at least 28 days before that date.
(3)
The withdrawal or variation does not affect contracts made before that date.
(4)
The fact that a provider has had its authorisation withdrawn or varied does not affect the later exercise by the Treasury of its powers under section 707 or this section as respects the provider.