PART 9AMENDMENTS TO SECONDARY LEGISLATION

The National Park Authorities (Levies) (England) Regulations 1996 (S.I. 1996/2794)

Interest on unpaid levies541

The National Park Authorities (Levies) (England) Regulations 1996 are amended as follows—

a

for paragraph (3)(a) of regulation 8344 (interest on unpaid levies) substitute—

a

the reference banks are the seven largest persons who-

i

have permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits,

ii

are incorporated in the United Kingdom and carrying on there a regulated activity of accepting deposits, and;

iii

quote a base rate in sterling, and

b

in paragraph (3)(b) of regulation 8, for “an institution” substitute “a person” and for “its” (in both places) substitute “his”;

c

paragraph (4)(a) of regulation 8 is revoked;

d

in paragraph (4)(b) of regulation 8, for “that institution” the first time it appears substitute “a person” and the second time it appears substitute “that person”;

e

after paragraph (4) of regulation 8 insert—

5

Paragraph (3)(a) must be read with—

a

section 22 of the Financial Services and Markets Act 2000;

b

any relevant order under that section; and

c

Schedule 2 to that Act.