Section 44 National or global economic emergenciesI1I2
United Kingdom
The prohibitions and restrictions imposed by sections 15 to 29 do not apply to a subsidy given to respond to a national or global economic emergency.
Subsection (1) applies only if the subsidy is given on a temporary basis.
A subsidy may be given in respect of a national or global economic emergency in reliance on the exemption under this section only if—
a notice is published by the Secretary of State for the purposes of this section declaring that the exemption applies in respect of that emergency, and
that notice has not been withdrawn by the publication of a further notice.
A copy of a notice under this section must be laid before Parliament.
Annotations
Commencement
- I1
S. 44 not in force at Royal Assent, see s. 91(2)
- I2
S. 44 in force at 4.1.2023 by S.I. 2022/1359, reg. 2