Regulation 8 Amendment of the principal regulations

In regulation G5 for paragraph (2) substitute the following –

“(2)

The required percentage for every relevant period beginning with the relevant period starting on 1st April 2006 is –

$$\left(\mathrm{A}-6\right)+\left(\mathrm{B}-\mathrm{C}\right)$$

or, if the result would be less than zero, zero, where –

• A is the percentage specified for the relevant period under regulation G4(3);

• B is any percentage specified for the relevant period under regulation G4(7) and (9); and

• C is any percentage specified for the relevant period under regulation G4(8) and (9).”.