2013 No. 908
The Late Payment of Commercial Debts (No.2) Regulations 2013
Made
Laid before Parliament
Coming into force
The Secretary of State, being a Minister designated1 for the purposes of section 2(2) of the European Communities Act 19722 in relation to matters relating to the combating of late payment in commercial transactions, makes the following Regulations in exercise of the powers conferred by section 2(2) of that Act.
Citation, commencement, extent and application1
1
These Regulations may be cited as the Late Payment of Commercial Debts (No.2) Regulations 2013 and shall come into force on 14th May 2013.
2
These Regulations extend to England and Wales and Northern Ireland3.
3
These Regulations do not affect contracts made before the day on which these Regulations come into force.
Amendment of the Late Payment of Commercial Debts (Interest) Act 19982
In section 4(5B) of the Late Payment of Commercial Debts (Interest) Act 19984 (period for which statutory interest runs: determination of relevant day for case involving acceptance or verification procedure), omit “which is 30 days”.
(This note is not part of the Regulations)