Part 2: Subsidy control requirements Chapter 2: Prohibitions and other requirements Section 20: Restructuring
This section establishes rules around subsidies for the purpose of restructuring ailing or insolvent enterprises. A restructuring subsidy is one given to support the restructuring of an enterprise, subsidies of this kind are prohibited unless specific requirements are met. An ailing or insolvent enterprise is one that would almost certainly go out of business in the short to medium term without subsidies.
	Subsections (2) to (5) set out the relevant conditions, including that:
The recipient enterprise should have a credible restructuring plan in place.
The public authority giving the subsidy is satisfied that this plan is based on realistic assumptions, with a view to restoring the enterprise to long-term viability within a reasonable time period.
Where the recipient is not a small or medium-sized enterprise, the enterprise, or its owners, creditors, or new investors, have made a considerable contribution to the cost of restructuring or have a contractual obligation to do so.
The public authority giving the subsidy is satisfied that the subsidy contributes to an objective of public interest, including by preventing social hardship or a severe market failure.
	Subsection (6) establishes that in principle restructuring subsidies should not be granted to the same beneficiary more than once every five years. This does not apply in genuinely unforeseeable circumstances.
	Subsection (7) establishes that temporary liquidity support may be extended to enterprises preparing a restructuring plan under subsection (2).
	Different rules apply for subsidies to restructure ailing or insolvent banks, other deposit takers, or insurance companies; see section 20.