Paragraph 12 The Central Rating List (Wales) Regulations 2005

In regulation 7(3) (railway hereditaments) of the Central Rating List (Wales) Regulations 2005 M1, in the definition of “ “licence exempt operator” and “licence holder”” for the words from “Council Directive” to “of the Council” substitute “ Council Directive 1995/18/EC dated 19th June 1995 on the licensing of railway undertakings or Chapter III of Directive 2012/34/EU of the European Parliament and of the Council of 21st November 2012 establishing a single European railway area (recast) ”.