CTM97730 - CTSA: group relief: simplified arrangements: time limit for decision on an application

Regulation 7 SI1999/2975

You must make a decision on an application to enter into a simplified arrangement (CTM97650) within three months of the date you receive it. If you do not, the arrangements come into effect automatically.

Within that three-month time limit you should aim to make your decision as quickly as reasonably possible. Where you make a decision before the three month date, you should tell the authorised company when the simplified arrangement will come into effect. You should not agree to backdate the coming into effect of a simplified arrangement.

  • For refusing an application see CTM97740,
  • For partially accepting an application see CTM97750,
  • For terminating a special arrangement or excluding a company from it see CTM97760.
  • For guidance about time limits for claims for group relief within a special arrangement CTM97610.