OpenLegislation

Article 5

United Kingdom

Original text. Later amendments are not shown.

1.

Belgium, through the ONDD, shall recover from Ducroire/Delcredere the aid referred to in Article 4. Belgium shall provide detailed evidence — including certification issued by an independent firm auditing these accounts — that the repayment has been financed exclusively by Ducroire/Delcredere's marketable risk activity.

2.

The sums to be recovered shall include the interest which has accrued between the date on which they were made available to Ducroire/Delcredere (1 January 2005) and the date on which they are actually recovered.

3.

The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004f1.

4.

Recovery of the aid shall be immediate and effective.

Annotations

Footnotes

f1

OJ L 140, 30.4.2004, p. 1.