Regulation 54 Article 4 (Calculation of gross grant equivalent)

In Article 4—

(a)

in paragraph 3(a), omit “under its domestic law”;

(b)

in paragraph 6—

(i)

in point (a), omit “under its domestic law”;

(ii)

in point (c), for “Commission notice” substitute “CMA statement of policy”;

(iii)

in point (d)(i), for the words from “Commission” in the first place it occurs until the end substitute “CMA under the state aid regulations and accepted by the CMA as being in line with the CMA statement of policy on State aid in the form of guarantees, or any successor statement of policy; and”.