Regulation 52 Conditions

A person’s appointment as the deposit management organisation may be subject to such conditions (if any) as the Welsh Ministers consider appropriate (see paragraph 2(3)(a)(iii) of Schedule 5).

The Welsh Ministers may, by notice in writing, vary or revoke any condition to which the deposit management organisation is subject.

The deposit management organisation must comply with any conditions imposed by the Welsh Ministers under this regulation and Schedule 5.