Regulation 2 Amendment to Regulation 2 of the 2012 Regulations
In regulation 2 of the 2012 Regulations (interpretation), after the definition of “target period” insert—
““target period 1” means the target period from 1st January 2013 to 31st December 2014;
“target period 2” means the target period from 1st January 2015 to 31st December 2016;
“target period 3” means the target period from 1st January 2017 to 31st December 2018;
“target period 4” means the target period from 1st January 2019 to 31st December 2020.”