PART 3ENFORCEMENT OF THE STATUTORY CHARGE

Review of postponement24

1

The Lord Chancellor may review a decision to postpone the enforcement of the statutory charge at any time and where on doing so considers that the conditions in regulation 22(1) are no longer satisfied, the Lord Chancellor must enforce the charge.

2

Where after a review the Lord Chancellor further postpones enforcement of the statutory charge—

a

it may be postponed on such terms and conditions as to repayment by way of interim payments of either capital or interest, or both, as appear to the Lord Chancellor appropriate; and

b

interest shall continue to accrue in accordance with regulation 25.