Paragraph 18 Article 16 (Regional urban development aid)

In Article 16—

(a)

in paragraph 1, for “compatible with the internal market within the meaning of”, substitute “deemed to be approved under”;

(b)

in paragraph 2(b), after “Investment Funds”, insert “or an equivalent fund set up on or after exit day that is accepted by the CMA as eligible to co-finance urban development projects for the purposes of this Article”;

(c)

in paragraph 4, after “of the Council”, insert “or any eligible costs requirements included in the equivalent fund referred to in paragraph 2(b)”;

(d)

in paragraph 8—

(i)

in point (a)—

(aa)

omit “Union and”;

(bb)

after “incorporation in”, insert “the United Kingdom, any EFTA State or”;

(ii)

in point (b), omit “Union and”;

(iii)

in point (d), for “a Member State”, substitute “an aid grantor”;

(iv)

in point (f), for “Member State”, substitute “aid grantor”;

(e)

in paragraph 11, for “Member State”, substitute “aid grantor”.