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.