Commission Directive 2006/111/EC of 16 November 2006 on the transparency of financial relations between Member States and public undertakings as well as on financial transparency within certain undertakings (Text with EEA relevance) (Codified version) (c. 111)

Article 3 U.K.

The transparency referred to in Article 1(1) shall apply in particular to the following aspects of financial relations between public authorities and public undertakings:

(a)

the setting-off of operating losses;

(b)

the provision of capital;

(c)

non-refundable grants, or loans on privileged terms;

(d)

the granting of financial advantages by forgoing profits or the recovery of sums due;

(e)

the forgoing of a normal return on public funds used;

(f)

compensation for financial burdens imposed by the public authorities.