Regulation 7 Power to give financial assistance

The Treasury may give financial assistance to a company which has entered into available arrangements.

The financial assistance must be for expenditure incurred, or to be incurred, in connection with any of the company’s functions relating to the arrangements.

Financial assistance may be given on such terms and conditions as the Treasury consider appropriate.

A company which receives assistance under this regulation must comply with the terms and conditions on which it is given.

Any financial assistance given under this regulation shall be charged on and paid out of the Consolidated Fund.

In this regulation, “financial assistance” includes grants, loans and incurring expenditure for the benefit of the company.