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- Latest available (Revised) - Welsh
- Original (As made) - English
- Original (As made) - Welsh
This is the original version (as it was originally made).
5.—(1) Where a beneficiary is liable to repay all or part of a direct payment in accordance with Article 7(1) of the Horizontal Implementing Regulation, the amount of the repayment, together with the interest on that amount calculated in accordance with regulation 6, is recoverable as a debt.
(2) In any legal proceedings brought pursuant to paragraph (1), a certificate of the Welsh Ministers which—
(a)sets out the London interbank offered rate (LIBOR) applicable during a specified period; and
(b)includes a statement that the Bank of England or the coordinating body notified the Welsh Ministers of that rate for that period,
(c)is evidence of the rate applicable during that period.
(3) In this regulation, “the coordinating body” (“corf cydgysylltu”) means the coordinating body referred to in Article 7(4) of the Horizontal Regulation.
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