Examples of Cost Cap Administration in a sentence
If the offer of an ABA is accepted, the Cost Cap Administration will oversee the implementation of, and monitor compliance with, the terms of the ABA.
No one has a right of appeal in respect of a decision by the Cost Cap Administration as to whether or not to offer to enter into an ABA.
The Cost Cap Administration may grant partial or total immunity to any natural person who discloses facts that are likely to constitute an infringement referred to in Article 8 of these Financial Regulations, and/or who provides evidence allowing such facts to be prosecuted and penalised.
Following a referral from the Cost Cap Administration the Cost Cap Adjudication Panel shall conduct a hearing and reach a decision.
If the relevant F1 Team fails to comply with any of the terms of the ABA, the Cost Cap Administration shall refer that F1 Team to the Cost Cap Adjudication Panel.
The Cost Cap Administration and all persons taking part in an investigation are bound by an obligation of confidentiality vis-à-vis persons or organisations not concerned with the investigation.
The immunity granted by the Cost Cap Administration is irrevocable, provided that it is not subsequently demonstrated, that the person benefiting from the immunity has not complied with the Immunity Conditions.
The Cost Cap Administration may issue guidance notes from time to time to assist the F1 Teams in complying with these Financial Regulations.
In calculating Relevant Costs, the order in which costs must be excluded pursuant to Article 3.1, and adjustments must be made pursuant to Article 4.1, shall be determined by the Cost Cap Administration and set out in the Reporting Documentation.
The Cost Cap Administration may, in its sole discretion, decline to conduct an investigation if one or more of the mandatory conditions listed at Article6.25 have not been met.