PART 3Exemptions
CHAPTER 3Emergencies etc.
I1I343Natural disasters and other exceptional circumstances
1
The subsidy control requirements do not apply to a subsidy given to compensate the damage caused by—
a
natural disasters, or
b
other exceptional occurrences.
2
The reference in subsection (1)(b) to other exceptional occurrences does not include occurrences having only an economic effect.
3
A subsidy may be given in respect of a natural disaster, or another exceptional occurrence, in reliance on the exemption under this section only if—
a
a notice is published by the Secretary of State for the purposes of this section declaring that the exemption applies in respect of that natural disaster or occurrence, and
b
that notice has not been withdrawn by the publication of a further notice.
4
A copy of a notice under this section must be laid before Parliament.
5
In this section, the reference to the subsidy control requirements does not include the requirements as to transparency in Chapter 3 of Part 2.
I2I444National or global economic emergencies
1
The prohibitions and restrictions imposed by sections 15 to 29 do not apply to a subsidy given to respond to a national or global economic emergency.
2
Subsection (1) applies only if the subsidy is given on a temporary basis.
3
A subsidy may be given in respect of a national or global economic emergency in reliance on the exemption under this section only if—
a
a notice is published by the Secretary of State for the purposes of this section declaring that the exemption applies in respect of that emergency, and
b
that notice has not been withdrawn by the publication of a further notice.
4
A copy of a notice under this section must be laid before Parliament.