Regulation 6 Amendment of regulation 5 (pass-through requirement)

For regulation 5(9) substitute—

“(9)

In this regulation, “next bill” means—

(a)

in relation to the first scheme benefit provided to an intermediary, the later of—

(i)

the first bill issued after 30th November 2022; and

(ii)

the first bill issued after the end of the period of 30 days beginning with the day on which the scheme benefit is provided to the intermediary; or

(b)

in relation to any subsequent scheme benefit provided to the intermediary, the first bill issued after the end of the period of 30 days beginning with the day on which the scheme benefit is provided to the intermediary.”.