Regulation 5 Amendment of regulation 3AA

(1)

Amend regulation 3AA^f1 as follows.

(2)

In paragraph (1)—

(a)

in sub-paragraph (c) omit “and 16”, and

(b)

omit sub-paragraphs (d) and (f).

(3)

In paragraph (2) omit the words after “paragraph (3)” to the end.

(4)

For paragraph (3) substitute—

“(3)
The formula specified in this paragraph is—
$R R + 2.5,$
where RR is the reference rate referred to in paragraph (2).”.

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