{
  "url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-3-regulations-2023/regulation-3",
  "json_url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-3-regulations-2023/regulation-3.json",
  "legislation": "uksi/2023/1184",
  "legislation_title": "The Education (Student Loans) (Repayment) (Amendment) (No. 3) Regulations 2023",
  "legislation_url": "https://openlegislation.uk/education-student-loans-repayment-amendment-no-3-regulations-2023",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Interest rate cap: consequential amendments",
  "text": "(1) The 2009 Regulations are amended as follows.\n(2) In regulation 16 (deferral of repayment: initial training of teachers)—\n(a) in paragraph (3A)—\n(i) at the beginning of sub-paragraph (a), insert “if paragraph (3AA) does not apply,”;\n(ii) for sub-paragraph (b), substitute—\n“(b) if paragraph (3AA) applies, the interest rate cap within the meaning of regulation 20BA(4).”;\n(b) after paragraph (3A), insert—\n“(3AA) This paragraph applies if, in relation to a month, the standard interest rate exceeds by 0.1 per cent or more the interest rate cap within the meaning of regulation 20BA(4).”.\n(3) In regulation 21A(11A) (interest rate on plan 2 loans), for paragraph (b), substitute—\n“(b) regulation 20BA (interest rate cap: plan 2, plan 3 and plan 5 loans).”.\n(4) In regulation 21B (interest rate on plan 3 loans), for paragraph (4ZA), substitute—\n“(4ZA) This regulation is subject to regulation 20BA (interest rate cap: plan 2, plan 3 and plan 5 loans).”.\n(5) In regulation 21C (interest rate on plan 5 loans), for paragraph (4), substitute—\n“(4) This regulation is subject to regulation 20BA (interest rate cap: plan 2, plan 3 and plan 5 loans).”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 16 was amended by S.I. 2011/784 and 2022/1335."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Regulation 21A was inserted by S.I. 2012/1309 and amended by S.I. 2013/607; 2013/1881; 2018/284; 2019/189; 2022/1151; 2022/1335."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Regulation 21B was inserted by S.I. 2017/831 and amended by S.I. 2022/1151; 2022/1335."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Regulation 21C was inserted by S.I. 2022/1335."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2023/1184/regulation/3",
    "retrieved_at": "2026-10-28T21:38:56.228922+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}