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The Civil Legal Aid (General) (Amendment No.2) Regulations 2001
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- UK Statutory Instruments
- 2001 No. 3735
- Regulation 3
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Amendments to the Civil Legal Aid (General) Regulations 1989
3. The following shall be substituted for regulation 99(4):
“(4) Where interest is payable by the assisted person pursuant to the provisions of regulation 96 or 97:
(a)it shall run from the date when the charge is first registered;
(b)the applicable rate shall be:
(i)8% per annum until 31st March 2002;
(ii)thereafter, 1 percentage point above the Bank of England base rate current on 1st April 2002;
(c)subject to sub-paragraph (d), the applicable rate shall be varied on 1st April of each subsequent year so that it remains at the rate of 1 percentage point above the Bank of England base rate then current; and
(d)the variation set out in sub-paragraph (c) shall take place only if the application of the new base rate has the effect of varying the base rate previously applicable by 1 percentage point or more.”.
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