17.3 in full…
Consequences of a Default Event. Without prejudice to the general position (pursuant to Regulation 44.4) that all registrations must be approved by The League, a Club which is subject to a Default Event shall be subject to a registration embargo such that it shall not be permitted to register any Player with that Club without the prior written consent of The League for the period that the Club is subject to a Default Event.
17.3A Regulation 17.3 will not apply where a Club suffers a Default Event due to the failure to
discharge a COVID PAYE Liability and has entered into a Time to Pay Agreement and is
compliant with the terms of that Time To Pay Agreement. For the avoidance of doubt,
where a Club defaults on the terms of a Time to Pay Agreement, and such default results
in all outstanding amounts becoming due to HMRC immediately, the Club shall remain
subject to a Default Event until such time as the outstanding amounts are paid or included
within any other Time to Pay Agreement.