Commission Regulation (EU) 2020/1474 of 13 October 2020 amending Regulation (EU) No 360/2012 as regards the prolongation of its period of application and a time-bound derogation for undertakings in difficulty to take into account the impact of the COVID-19 pandemic (Text with EEA relevance)

• CELEX: Regulation (EU) 2020/1474
• Articles: 2

Article 1

Regulation (EU) No 360/2012 is amended as follows:

(a)

in Article 1 the following paragraph 2a is inserted:

‘2a.   By derogation from point (h) of paragraph 2, this Regulation shall apply to undertakings which were not in difficulty on 31 December 2019 but became undertakings in difficulty in the period from 1 January 2020 to 30 June 2021.’;

(b)

in Article 5, the second paragraph is replaced by the following:

‘It shall apply until 31 December 2023.’

Article 2

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .