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3.—(1) These Regulations apply with effect from the coming into force date of these Regulations–
(a)to any undertaking given under the 1994 Regulations before the coming into force date of these Regulations but only in respect of payments made on or after the coming into force date of these Regulations; and
(b)to any undertaking given under these Regulations.
(2) Subject to paragraph (3), aid payable in respect of any undertaking given under the 1994 Regulations shall be calculated in accordance with Schedule 3.
(3) Paragraph (4) applies in relation to the sum payable in any year of an undertaking given under the 1994 Regulations where the application of these Regulations to that undertaking by virtue of paragraphs (1)(a) and (2) would result in the sum of the aid payable for that year being of a lesser amount than the sum of the aid which would have been payable if calculated under the provisions of the 1994 Regulations.
(4) Where this paragraph applies in relation to the sum payable in any year of an undertaking, the sum of the aid payable in that year under these Regulations shall be increased to the amount of the sum which would have been payable if calculated under the provisions of the 1994 Regulations.
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