Regulation 5 Waiver of security requirementI1

A person making an application for private storage aid referred to in regulation 3(1) is not required to lodge a security in favour of the relevant paying agency in accordance with Section 2 of Chapter IV of Commission Delegated Regulation (EU) No. 907/2014 of 11 March 2014 supplementing Regulation (EU) No. 1306/2013 of the European Parliament and of the Council with regard to paying agencies and other bodies, financial management, clearance of accounts, securities and use of euro^f1.