Regulation 5 Amendment of the 2000 Regulations

For regulation 10(2), substitute the following—

“(2)

Any repayment received by the Secretary of State shall be applied by him in reduction or in satisfaction of:

(a)

first, any outstanding penalties, costs or expenses under regulation 13C or regulation 13D,

(b)

second, any outstanding penalties or charges under Part V,

(c)

third, any outstanding interest, and

(d)

fourth, any outstanding principal, which shall be reduced or satisfied from the date of receipt.”.