Exiting The European Union Citation, commencement and interpretation 1 1 These Regulations may be cited as the Climate Change Agreements (Amendment of Agreements) (EU Exit) Regulations 2018 and come into force on exit day . 2 In these Regulations— “ agreement ” means an umbrella agreement or an underlying agreement; “ umbrella agreement ” means an agreement that is an umbrella agreement for the purposes of paragraph 48 of Schedule 6 to the Finance Act 2000; “ underlying agreement ” means an agreement that is an underlying agreement for the purposes of paragraph 48 of Schedule 6 to the Finance Act 2000 or, if there is no umbrella agreement, an agreement falling within paragraph 47 of Schedule 6 to that Act. Amendment of the Climate Change Agreements 2 1 An agreement entered into before IP completion day has effect as if— a the definition, if any, of “EU ETS Directive” were omitted; b for the definition, if any, of “technical annex”, there were substituted the definition contained in paragraph (2); c for each reference, if any, to “European Commission Guidelines on State Aid for Rescuing and Restructuring Firms in Difficulty (2004/C 244/02)”, there were substituted “ European Commission Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty (2014/C 249/01) ” ; d for each reference, if any, to “regulations made for the purpose of implementing the EU ETS Directive”, there were substituted “ the Greenhouse Gas Emissions Trading Scheme Regulations 2012 or the Greenhouse Gas Emissions Trading Scheme Order 2020 , as amended from time to time, ” . 2 The definition contained in this paragraph, as referred to in paragraph (1)(b), is as follows— “ technical annex ” means the technical annex to this Agreement dated 6th March 2013 and published by the Administrator or the Secretary of State, available via the Administrator's website , reading that technical annex as if— a in the fourth bullet of paragraph 3 (structural changes), “, as defined in Directive 2003/87/EC ” were omitted; b in paragraph 5 (other changes), for “European Commission Community Guidelines on State Aid for Rescuing and Restructuring Firms in Difficult (2004/C 244/02)” there were substituted “ European Commission Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty (2014/C 249/01) ” ; c in Annex B (interpretation)— i before the definition of “carbon target”, there were inserted— Annex 1 activities Activities listed in Annex 1 to Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a system for greenhouse gas emission allowance trading within the Union and amending Council Directive 96/61/EC as it had effect immediately before IP completion day , reading that Annex as if— (a) for “in a storage site permitted under Directive 2009/31/EC ” in each place in which those words occur, there were substituted “ in a storage site permitted under Chapter 3 of Part 1 of the Energy Act 2008 or other domestic legislation which immediately before IP completion day implemented Directive 2009/31/EC ” ; (b) in the section titled ‘Aviation’— (i) after “to which the Treaty applies”, there were inserted “ or the United Kingdom or Gibraltar ” ; (ii) in point (a) and in point (j), after “a Member State”, there were inserted “ or the United Kingdom ” . ; ii in the definition of “target facility”, for “Annex I activities as defined in the Emissions Trading Directive 2003/87/EC (as amended from time to time)” there were substituted “ Annex 1 activities ” ; . Claire Perry Minister of State Department for Business, Energy and Industrial Strategy