Chapter 2: Other Provision Local government capital finance New section 12C: Restriction of power to give risk-mitigation directions
Subsection (1) imposes a duty on the Secretary of State to provide a cessation notice to a local authority if a year has passed, they have followed the directions given and there appears to be no immediate financial risk.
	Subsection (2) states that where the cessation notice has been given, risk mitigation directions may no longer be given in relation to risk that it was aware of at the time the notice was given.
	Subsection (3) provides for consistency of definitions between 12A and 12C.