OpenLegislation

Regulation 9 Rate of interest

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

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 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 specified in that Article.