Article 3
United Kingdom
Immediate reimbursement must take place within two months of this Decision, in accordance with the procedures of national law, provided that they allow the immediate and effective enforcement of the Decision.
In the cases of immediate reimbursement the interest applied shall be calculated on a compound basis in accordance with Regulation (EC) No 794/2004.
Within two months of notification of this Decision, the Italian Republic shall provide the following information to the Commission:
the total amount reimbursed by the recipients;
a detailed description of the measures taken and to be taken to comply with this Decision;
documents demonstrating that aid has been reimbursed.
The Italian Republic shall keep the Commission informed of the progress of the national measures taken to implement this Decision until reimbursement of the aid referred to in Article 2 has been completed.
If so requested by the Commission it shall immediately provide information on the measures already taken and to be taken to comply with this Decision.
It shall also provide detailed information concerning the amount of aid reimbursed and interest paid by the recipients.
In those cases where reimbursement schedules continue beyond 2008, Italy shall supply to the Commission an annual report on the payments received by the recipients, certified by auditors.