Examples of FE Team Financial Regulations in a sentence
The Cost Cap Administration is responsible for administering these FE Team Financial Regulations, including exercising the powers and carrying out the functions set out in this Article 8.
If a court or other competent authority rules any part of these FE Team Financial Regulations to be illegal, invalid, or unenforceable, that part will be deemed excised from these FE Team Financial Regulations, and the legality, validity, and enforceability of the remainder of these FE Team Financial Regulations will not be affected.
Whether as part of an investigation or otherwise, the Cost Cap Administration may grant partial or total immunity to any individual who discloses facts that are likely to constitute or to lead to the discovery of a breach of these FE Team Financial Regulations, and/or who provides evidence that enables such breach to be prosecuted and sanctioned.
These FE Team Financial Regulations come into force on 1 October 2022.
The Cost Cap Administration will review the Reporting Documentation submitted by an FE Team to identify any instances of non-compliance with these FE Team Financial Regulations.
Such guidance notes and clarifications will be advisory only and will not constitute part of these FE Team Financial Regulations.
Decisions of the Cost Cap Adjudication Panel under these FE Team Financial Regulations may be appealed to the ICA by any Party to the proceedings that led to the decision.
It will monitor compliance with these FE Team Financial Regulations, investigate instances of suspected non-compliance, and take appropriate enforcement action in respect of any actual non-compliance.
The requirements of these FE Team Financial Regulations and the requirements of the FE Manufacturer Financial Regulations are distinct from and independent of each other, and the two sets of regulations will operate and be applied accordingly.
The FIA World Motor Sport Council may amend or supplement these FE Team Financial Regulations from time to time as it sees fit.