Prospective
48Exit applications: further provisionE+W
This section has no associated Explanatory Notes
(1)Exit regulations may make provision about the provision relating to exit applications that may be included in a relevant undertaker's conditions of appointment.
(2)Exit regulations may in particular prohibit the inclusion of provision requiring a relevant undertaker to make an exit application.
(3)Exit regulations may make provision for requiring the WSRA or the CMA to obtain the consent of the Secretary of State—
(a)before exercising a function so as to require a relevant undertaker to make an exit application, or
(b)before exercising a function in a way that is likely to result in a relevant undertaker making an exit application.