S.L. 463.4 Art. 11Assistance to counter effects of theglobalfinancial and economic crisis.

(1) Where the Corporation is satisfied that an undertaking that was not in difficulty on the 1st July 2008 but entered in difficulty thereafter as a result of the global financial and economic crisis, requires assistance to counter the effects of such crisis, the

Corporation may provide such an undertaking with a cash grant that may not exceed the limits set in sub-regulation (2) in accordance with the terms and conditions set out in the Guidelines:

Provided that an undertaking shall not qualify for this assistance if it was in difficulty before the 1st July 2008 in terms of the Community Guidelines on State Aid for Rescuing and * Restructuring Firms in Difficulty.

(2) Any assistance that may be provided under sub-regulation

(1) shall be in conformity with Communication from the Commission - Temporary Community framework for State aid measures to support access to finance in the current financial and † economic crisis. The amount of de minimis aid that an undertaking may receive under these regulations may not exceed the amount of five hundred thousand euro (€500,000) during the period starting from 1st January 2008 to 31st December 2010. This maximum threshold includes all aid granted as de minimis aid from the Corporation as well as from any other entity.

(3) The Corporation shall no longer grant approval for the purposes of sub-regulation (1) after the 31st December 2010.