Regulation 21 Misuse of aid investigation
(1)
If the CMA decides to open an investigation under regulation 19(6), the CMA must carry out such investigations as it considers appropriate to take a decision under paragraph (2).
(2)
The CMA must, after carrying out an investigation, decide whether to approve the aid.
(3)
The CMA may consider the aid as modified by the aid grantor if the CMA considers it appropriate to do so.
(4)
If the CMA approves the aid, the aid is considered to have been approved in accordance with Article 108(3) of the TFEU.