Schedule 1B, paragraph 11

A company that issues a person with a restrictions notice under paragraph 1 must by notice withdraw the restrictions notice if— it is satisfied that there is a valid reason sufficient to justify the person's failure to comply with the notice served under section 790D , 790DA, 790E or 790EA, the notice served under section 790D , 790DA, 790E or 790EA is complied with, or it discovers that the rights of a third party in respect of the relevant interest are being unfairly affected by the restrictions notice.

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Source: legislation.gov.uk · retrieved 2026-09-04