Regulation 3 Amendments to the Civil Legal Aid (General) Regulations 1989

The following shall be substituted for regulation 99(4):

“(4)

Where interest is payable by the assisted person pursuant to the provisions of regulation 96 or 97:

(a)

it shall run from the date when the charge is first registered;

(b)

the applicable rate shall be:

(i)

8% per annum until 31st March 2002;

(ii)

thereafter, 1 percentage point above the Bank of England base rate current on 1st April 2002;

(c)

subject to sub-paragraph (d), the applicable rate shall be varied on 1st April of each subsequent year so that it remains at the rate of 1 percentage point above the Bank of England base rate then current; and

(d)

the variation set out in sub-paragraph (c) shall take place only if the application of the new base rate has the effect of varying the base rate previously applicable by 1 percentage point or more.”.