S.L. 16.11 Art. 3Relevantperiodfor calculation of means.

Without prejudice to the provisions of regulation 8, the only relevant period, hereinafter in these regulations referred to as the

"relevant period", for the calculation of means for the purposes of these regulations shall be:

(a) with regard to the income criterion, the income between the 1st January and the 31st December during the year immediately preceding the year in which the application is filed in terms of article 4A of the Reletting of Urban Property (Regulation) Ordinance and, or, article 12B of the Housing (Decontrol) Ordinance;

(b) with regard to the capital criterion, the capital as of the 1 January 2021, or five (5) years prior the filing of the application before the Rent Regulation Board in terms of article 4A of the Reletting of Urban Property

(Regulation) Ordinance and, or, article 12B of the

Housing (Decontrol) Ordinance, whichever date comes earlier.