Part 6Bulk warrants

CHAPTER 2Bulk acquisition warrants

Duration, modification and cancellation of warrants

I1162Duration of warrants

1

A bulk acquisition warrant (unless already cancelled) ceases to have effect at the end of the period of 6 months beginning with—

a

the day on which the warrant was issued, or

b

in the case of a warrant that has been renewed, the day after the day at the end of which the warrant would have ceased to have effect if it had not been renewed.

2

For provision about the renewal of warrants, see section 163.