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Division 5 Use of the Union contributionF1

United Kingdom Repealed

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The Union contribution shall be used:

  1. (a)

    towards equity participations;

  2. (b)

    to cover agreed fees and costs associated with the establishment and management of the Equity Instrument, including its evaluation, which have been determined in line with Regulation (EU, Euratom) No 966/2012 and market practice; and

  3. (c)

    for directly related support actions.

Annotations

Textual amendments

F1

Regulation revoked (31.12.2020) by The Connecting Europe Facility (Revocation) (EU Exit) Regulations 2019 (S.I. 2019/477), reg. 1(2), Sch. (with reg. 3) (as amended by S.I. 2020/786, regs. 1(2)(b)(i), 5); 2020 c. 1, Sch. 5 para. 1(1)