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.