OpenLegislation

Article 2

United Kingdom

Original text. Later amendments are not shown.

1.

The Italian Republic shall recover the aid referred to in Article 1 from the beneficiary.

2.

The sums to be recovered shall bear interest from 7 February 2014 until their actual recovery.

3.

The interest shall be calculated on a compound basis in accordance with Chapter V of Commission Regulation (EC) No 794/2004f1 and to Commission Regulation (EC) No 271/2008f2 amending Regulation (EC) No 794/2004.

4.

The Italian Republic shall cancel all outstanding payments of the aid referred to in Article 1 with effect from the date of adoption of this Decision.

Annotations

Footnotes

f1

Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EU) 2015/1589 laying down detailed rules for the application of Article 108 of the Treaty on the Functioning of the European Union (OJ L 140 30.4.2004, p. 1).

f2

Commission Regulation (EC) No 271/2008 of 30 January 2008 amending Regulation (EC) No 794/2004 implementing Council Regulation (EC) No 659/1999 laying down detailed rules for the application of Article 93 of the EC Treaty (OJ L 82, 25.3.2008, p. 1).