# The Extensification Payment (Scotland) Regulations 2002, Regulation 9: Rate of interest


For the purpose of, and in accordance with, Article 14(1) of Commission Regulation 3887/92 and Article 49 of Commission Regulation 2419/2001, interest shall be charged at the rate of one per cent above the sterling three months London interbank offered rate on a day-to-day basis.

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Source: https://www.legislation.gov.uk/ssi/2002/278/regulation/9 (the official version)
Page: https://openlegislation.uk/extensification-payment-scotland-regulations-2002/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.