(1) This regulation applies if, after the administrator's statement of proposals has been agreed with the regulator which gave the direction under regulation 16 or the court has made an order dispensing with the need for agreement under regulation 17, the direction is then withdrawn.

(2) If the administrator proposes a revision to the statement of proposals and the administrator thinks that the proposed revision is substantial, then paragraphs 54 and 55 of Schedule B1 (as applied by regulation 15) apply.