Introductory Text1.Citation and commencement2.Amendment of the Education (Student Loans) (Repayment) Regulations 20093.In regulation 3— (a) after the definition of “repayment” insert—.4.In regulation 16(3) after “is not” omit “be”.5.In regulation 20(4) for “£15,000” substitute “the repayment threshold”.6.In regulation 29— (a) in paragraph (4)(a) for “first £15,000”.7.For regulation 36 substitute— Late payment penalties Schedule 56 to the Finance Act 2009 (penalty for failure.8.For regulation 39 substitute— Interest (1) Subject to paragraph (2), any repayment due and payable.9.In regulation 40— (a) for paragraph (1) substitute—10.In regulation 44— (a) in paragraph (2)(a) for “£15,000” substitute.11.After regulation 76(1) insert— (1A) On 6 April 2012, and.12.SavingsSignatureExplanatory Note