F1SCHEDULE A1ASSUMED RATE OF RETURN ON INVESTMENT OF DAMAGES: ENGLAND AND WALES
1Periodic reviews of the rate of return
1
The Lord Chancellor must review the rate of return periodically in accordance with this paragraph.
2
The first review of the rate of return must be started within the 90 day period following commencement.
3
Each subsequent review of the rate of return must be started within the 5 year period following the last review.
4
It is for the Lord Chancellor to decide—
a
when, within the 90 day period following commencement, a review under sub-paragraph (2) is to be started;
b
when, within the 5 year period following the last review, a review under sub-paragraph (3) is to be started.
5
In this paragraph—
“90 day period following commencement” means the period of 90 days beginning with the day on which this paragraph comes into force;
“5 year period following the last review” means the period of five years beginning with the day on which the last review under this paragraph (whether under sub-paragraph (2) or (3)) is concluded.
Sch. A1 inserted (E.W.) (20.12.2018) by Civil Liability Act 2018 (c. 29), ss. 10(2), 14