Paragraph 7

Regulation 8 has effect as if—

(a)

the reference in paragraphs (1) and (4) to “the CFD counterparty” is to “each CFD counterparty”;

(b)

in paragraph (2)—

(i)

the words “to a counterparty” appeared after the words “by a supplier”,

(ii)

the words “which that CFD counterparty determined and” appeared after the words “interim levy rate”;

(c)

there appeared after paragraph (2) the following provision—

“(3A)
Where a CFD counterparty has not determined an interim levy rate which applies in relation to a day, there is no requirement to make an interim rate payment to that CFD counterparty in respect of that day.”;

(d)

in paragraph (4), the words “to that CFD counterparty” appeared after the words “must pay”; and

(e)

in paragraphs (5) and (6) the words “to a CFD counterparty” appeared after the words “interim rate payment” in both paragraphs and the reference to “the CFD counterparty” in those paragraphs is a reference to “that CFD counterparty”.