Examples of the Modification Regulations in a sentence
It is not considered that the Modification Regulations require any Regulatory Impact Assessment to be prepared, as they contain technical changes to the licensing arrangements for personal licences.
On the Modification Regulations, the Department’s approach was broadly welcomed by respondents.
A change in the obligor of a debt instrument also generally results in a significant modification under the Modification Regulations.
A change in the obligor of a debt instrument also generally results in a significant modification under the Modification Regulations (unless the new obligor is treated as the successor and recipient of substantially all of the assets of the prior obligor under the tax rules governing reorganizations).
Similarly, the interests of the authority will not be harmed, provided that the authority is able to make a consequential adjustment under the Modification Regulations, because the payment will ultimately be met from the member’s benefit entitlement, and because the authority will have discretion as to when to offer voluntary “scheme pays”, meaning that the administrative burden of such arrangements can be retained within manageable bounds.