Regulation 13 Financial positionI1
England and Wales
(1)
Subject to paragraph (2), the service provider must take all reasonable steps to carry on the regulated activity in such a manner as to ensure the financial viability of the carrying on of that activity for the purposes of—
(a)
achieving the aims and objectives set out in the statement of purpose; and
(b)
meeting the registration requirements prescribed pursuant to section 20 of the Act.
(2)
This regulation does not apply where the service provider is—
(a)
an English local authority; or
(b)
a health service body.