{
  "url": "https://openlegislation.uk/civil-legal-aid-general-amendment-no-2-regulations-1994/regulation-16",
  "json_url": "https://openlegislation.uk/civil-legal-aid-general-amendment-no-2-regulations-1994/regulation-16.json",
  "legislation": "uksi/1994/1822",
  "legislation_title": "The Civil Legal Aid (General) (Amendment) (No. 2) Regulations 1994",
  "legislation_url": "https://openlegislation.uk/civil-legal-aid-general-amendment-no-2-regulations-1994",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Amendment of the Civil Legal Aid (General) Regulations 1989",
  "text": "The following regulation shall be inserted after regulation 92:—\n“Interest on damages\n92A (1) Where the Board receives damages paid in favour of an assisted person it shall, subject to the provisions of this regulation, pay to the assisted person a sum representing gross interest earned while the damages are being held by the Board.\n(2) Without prejudice to its other powers to invest money, the Board shall maintain and may deposit in one general account at a bank or building society damages to which this regulation refers.\n(3) The rate of interest payable to the assisted person by virtue of this regulation shall be ½ per cent. per annum less than the rate payable on damages deposited in the general account.\n(4) The Board shall not be required to pay interest where the damages received do not exceed £500 or where the period during which they are held by the Board is less than 28 days.\n(5) Interest shall be payable for the period beginning on the third business day after the date on which the damages are received by the Board down to (and including) the date on which the Board determines the amount to be retained under regulation 92(2).\n(6) In this regulation:—\n“bank” means the Bank of England, or the branch, situated in England or Wales, of any institution authorised under the Banking Act 1987;\n“building society” means the branch, situated in England or Wales, of a building society within the meaning of the Building Societies Act 1986;\n“business day” means a day other than a Saturday, a Sunday, Christmas Day, Good Friday or a bank holiday under the Banking and Financial Dealings Act 1971;\n“general account” means an interest bearing account opened in the name of the Board, the title of which account does not identify any assisted person.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1987 c. 22."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1986 c. 53."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "1971 c. 80."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1822/regulation/16",
    "retrieved_at": "2026-10-29T13:29:41.252225+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}