Article 4 Security

Operators shall lodge a security in favour of the relevant paying agency in accordance with Section 2 of Chapter IV of Delegated Regulation (EU) No 907/2014 when:

1. (a)

   submitting an offer or a tender for the buying-in or sale of intervention productsF1...;

2. (b)

   submitting a tender or an application for aid for private storage unless F2... the tendering procedure or F3the Regulations fixing the amount of aid in advance as referred to in Implementing Regulation (EU) 2016/1240 F4provide otherwise.

F5This Article does not apply in relation to public intervention schemes in England, otherwise than in connection with exceptional market conditions which are the subject of a declaration under section 20 of the Agriculture Act 2020, or in relation to private storage aid schemes in England.

F6This Article ceases to apply in relation to public intervention schemes in Scotland, otherwise than in connection with public intervention measures which the appropriate authority takes under Article 219(1) of Regulation (EU) No 1308/2013, for a period of five years beginning on 1 July 2023.

This Article ceases to apply in relation to private storage aid schemes in Scotland.

F7This Article does not apply in relation to public intervention schemes or private storage aid schemes in Wales.