(1) The
Board —
(a) may
set a minimum amount for a regulation that refers to a pre‑set minimum;
and
(b) if
the Board does so, must notify Members to whom the regulation applies of the
amount.
(2) The amount the
Board sets and notifies is the pre‑set minimum for the purposes of the
regulation.
(3) The Board
may —
(a)
change a pre‑set minimum by setting, and notifying Members of, a new
minimum amount to replace it; or
(b)
revoke a pre‑set minimum, so that no minimum amount replaces it, by
notifying Members of the revocation.
[Regulation 246D inserted: SL 2023/205
r. 24.]