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The fact that a provider has had its authorisation withdrawn or varied does not affect the later exercise by the Treasury of its powers under section 707 or this section as respects the provider.