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Article 5 Aid for investments in the protection and development of aquatic resources

United Kingdom

Original text. Later amendments are not shown.

Aid for investments in the protection and development of aquatic resources shall be compatible with the common market within the meaning of Article 87(3)(c) of the Treaty and shall be exempt from the notification requirement of Article 88(3) of the Treaty provided that:

  1. (a)

    the aid fulfils the conditions of Article 13 of, and points 2 and 2(1) of Annex III to Regulation (EC) No 2792/1999;

    and

  2. (b)

    the amount of the aid does not exceed, in subsidy equivalent, the total rate of national and Community subsidies fixed by Annex IV to Regulation (EC) No 2792/1999 for such aid.