PART 4Offer to contract on standard terms

Preparation of a CFD

9.—(1) At the same time as giving an allocation round notice, the Secretary of State must give a notice (a “CFD standard terms notice”) to the CFD counterparty setting out—

(a)the way in which the CFD counterparty must use the information in the CFD notification to apply or complete the standard terms; and

(b)which standard terms can be used by the CFD counterparty to offer a CFD in that allocation round.

(2) The notice must be published on the CFD counterparty’s website as soon as reasonably practicable after it is received.

(3) Where a CFD notification is given to the CFD counterparty by the delivery body, the CFD counterparty must apply or complete the standard terms (or the standard terms as modified in accordance with any modification agreement) in accordance with—

(a)the CFD standard terms notice; and

(b)the information contained in the CFD notification.