CHAPTER I U.K.Rules on the replacement of a beneficiary under PPP operations funded by [F1 European Structural and Investment Funds] [F1 support for rural development and support under Regulation 508/2014] (Article 63(4) of Regulation (EU) No 1303/2013)

Article 2 U.K.Proposal to replace the private partner

1. The partner or body shall send the managing authority the proposal to replace the private partner as beneficiary within one month from the date of the decision to replace the private partner.

2. The proposal referred to in paragraph 1 shall contain the following:

(a) the terms and conditions of the PPP or financing agreement between the private partner and the financial institution co-financing the operation requiring replacement;

(b) evidence of the fulfilment by the partner or body of the conditions set out in Article 1 of this Regulation and evidence that it fulfils and assumes all the corresponding obligations of a beneficiary under Regulation (EU) No 1303/2013;

(c) evidence that the partner or body has been provided with a copy of the original support agreement and any amendments made to that agreement.

Extent Information

E1 This version of this provision extends to E+W+S+N.I.+ only. A new version of this provision has been created for

E2 This version of this provision extends to only. The original version of this provision exists for E+W+S+N.I.+

Textual Amendments

F1Words in Ch. 1 heading substituted for specified purposes (31.12.2020) by The European Structural and Investment Funds Common Provisions Rules etc. (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/783), regs. 1, 8(2); 2020 c. 1, Sch. 5 para. 1(1)