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Amendment of section 11C of Principal Act
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5. Section 11C of the Principal Act is amended—
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(a) in subsection (1)(b), by the substitution of “1 April 2022” for “1 April 2021”,
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(b) in subsection (2), by the substitution of “Subject to subsection (2A), a registered undertaking or former registered undertaking may” for “A registered undertaking or former registered undertaking may”, and
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(c) by the insertion of the following subsection after subsection (2):
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“(2A) A claim (or a part thereof) for a payment shall not be made to the Authority by a registered undertaking or former registered undertaking under subsection (2) if entitlement to the risk equalisation credits to which the claim (or a part thereof) relates arose more than 6 years before 31 March in the period of 12 months prior to the date of the making of the claim.”.
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