(a) A finding by the Administrator under paragraph (b) of Sec. 551.6
that a wage payment plan has the purpose and effect required for
exemption of employees under section 13(b)(11) and this part shall be
effective in accordance with its terms upon notification
to petitioners as provided in Sec. 551.6(b). The finding shall include
such terms and conditions and such limitations with respect to its
application as the Administrator shall deem necessary to ensure that no
exemption will be based thereon in the event of any significant change
in any of the essential supporting facts.
(b) A finding made pursuant to this part may be amended or revoked
by the Administrator at any time upon his own motion or upon written
request of any interested person setting forth reasonable grounds
therefor. Before taking such action, the Administrator shall afford
opportunity to interested persons to present their views and shall give
consideration to any relevant information that they may present.
