Finance Act 2012

This adran has no associated Nodiadau Esboniadol

7(1)Paragraph 48 (definition of “climate change agreement”: combination of umbrella and underlying agreements) is amended as follows.U.K.

(2)In sub-paragraph (3)(c)—

(a)for “five-yearly” substitute “ seven-yearly ”, and

(b)after “Secretary of State” insert “ or the Administrator ”.

(3)In sub-paragraph (4)—

(a)in paragraph (a), for “Secretary of State” substitute “ Administrator ”,

(b)omit the “and” after paragraph (c), and

(c)after paragraph (d) insert , and

(e)containing any terms required by regulations falling within paragraph 52E.

(4)In sub-paragraph (5)—

(a)for paragraph (b) substitute—

(b)entered into with the Administrator,,

(b)omit paragraph (c),

(c)omit the “and” after paragraph (d), and

(d)after paragraph (e) insert , and

(f)containing any terms required by regulations falling within paragraph 52E.