CHAPTER ISUBJECT MATTER AND DEFINITIONS

Article 1Subject matter

This Regulation lays down the amounts, and rules for payment, of the fees and charges levied by the F1Agency, within the meaning of Regulation (EC) No 1907/2006.

Article 2Definitions

For the purposes of this Regulation:

  1. 1.

    ‘SME’ means a micro, small or medium-sized enterprise within the meaning of Recommendation 2003/361/EC;

  2. 2.

    ‘medium enterprise’ means a medium-sized enterprise within the meaning of Recommendation 2003/361/EC;

  3. 3.

    ‘small enterprise’ means a small enterprise within the meaning of Recommendation 2003/361/EC;

  4. 4.

    ‘micro enterprise’ means a micro enterprise within the meaning of Recommendation 2003/361/EC.

F2In the application of Recommendation 2003/361/EC for the purposes of this Regulation, the Annex to that Recommendation has effect with the following modifications:

(a)

in Article 2(1)—

(i)

the reference to EUR 50 million has effect as a reference to £43.650 million;

(ii)

the reference to EUR 43 million has effect as a reference to £37.539 million;

(b)

in Article 2(2) the reference to EUR 10 million has effect as a reference to £8.730 million;

(c)

in Article 2(3) the reference to EUR 2 million has effect as a reference to £1.746 million;

(d)

in Article 3(2)—

(i)

in point (a), the reference to EUR 1,250,000 has effect as a reference to £1,091,250;

(ii)

in point (d), the reference to EUR 10 million has effect as a reference to £8.730 million.