42 Chapter 2: supplementary and interpretative provision
Subsidy Control Act 2022 (2022 c 23) | Legislation

42  Chapter 2: supplementary and interpretative provision

(1)     The Secretary of State may by regulations—

(a)     amend section 36(1), 38(1) or 41(1) so as to substitute a different amount for the amount specified;

(b)     provide for a lower amount to apply, instead of an amount specified in section 36(1), 38(1) or 41(1), in the case of particular descriptions of subsidy;

(c)     amend section 36(4) or 38(4) so as to substitute a different amount for the amount specified;

(d)     provide for a different amount to apply, instead of an amount specified in section 36(4) or 38(4), in the case of particular descriptions of subsidy.

(2)     The power to make regulations under subsection (1)(a) may be exercised so as to substitute a higher amount for the purpose of securing that the amount specified in sterling is up to an equivalent of—

(a)     325,000 special drawing

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