# Suckler Cow Premium Regulations 2001, Regulation 11: Rate of interest

Extent: E+W+S+NI

Except where the appropriate authority recovers from any applicant any premium or part of any premium paid to that applicant as a result of an error of that authority, for the purpose of Article 14(1) of Commission Regulation 3887/92, interest shall be charged at the rate of one percentage point above the sterling three months London Interbank Offered Rate on a day to day basis for the period specified in that Article.

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Source: https://www.legislation.gov.uk/uksi/2001/1370/regulation/11 (the official version)
Page: https://openlegislation.uk/suckler-cow-premium-regulations-2001/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.