§ Mr. BercowTo ask the Secretary of State for Trade and Industry if he will make a statement on his position regarding the draft regulation on insolvency proceedings, indicating the ways in which the regulation differs from the 1995 Convention in terms of financial impact through cost compliance. [106387]
§ Dr. HowellsThe draft Regulation on insolvency proceedings was considered by the Council of Ministers on 2 December 1999 and will be further considered later this year.
A Compliance Cost Assessment was prepared as part of an Explanatory Memorandum dated 10 July 1996 on the draft Convention on insolvency proceedings. A
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£ CAP Schemes Beef Special Premium 5,756,340 Environmentally Sensitive Area 1,506,008 Arable Area 22,562,468 Suckler Cow Premium 4,712,063 Sheep Annual Premium 6,842,521 Other Payments1 784,446 Guidance Schemes Hill Livestock Compensatory Allowance 1,416,414 Farm and Conservation Grants (1989 Scheme) 5,488 Farm and Conservation Grants (1991 Scheme) 1,997 1 A small proportion of this total relates to non CAP schemes funded by the EU. In some cases amounts include an element of national as well as EU funding.