16. Monitor may accept an undertaking from a relevant body to take such action of a kind mentioned in regulation 15(a) to (f)(1) as is specified in the undertaking within such period as is so specified.
Section 77(3) to (5) and Schedule 9 of the 2012 Act make further provision in relation to any undertakings accepted by Monitor under these Regulations. In particular, Monitor may not continue with any investigation in relation to the matter in question, or make a declaration of ineffectiveness in relation to the arrangement in question.