Regulation 2 Amendment

Regulation 9 of the Beef (Marketing Payment) Regulations 1996^f1, shall be replaced by—

“9

Except where the appropriate Minister recovers from any applicant a payment or part of a payment paid to that applicant as a result of an error of that Minister, he may charge interest on any payment recovered under regulation 8 at the rate of one percentage point above the sterling three months London Interbank Offered Rate on a day to day basis for the period from the date of payment to the date of reimbursement by the applicant.”.