# The Less Favoured Area Support Scheme (Scotland) Regulations 2004, Regulation 17: Rate of interest


For the purpose of Article 49 of Commission Regulation 2419/2001, interest shall be charged thereon at the rate of one percentage point above the sterling three month London Interbank Offered Rate on a day-to-day basis for the period specified in that Article.

---
Source: https://www.legislation.gov.uk/ssi/2004/70/regulation/17 (the official version)
Page: https://openlegislation.uk/less-favoured-area-support-scheme-scotland-regulations-2004/regulation-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.