Regulation 6 Amendment of regulations

In paragraph (5) of regulation 10, for sub-paragraph (b) there shall be substituted the following sub-paragraph—

“(b)

where a licence is held, or an application is made, by a body corporate—

(i)

the making of a winding up order;

(ii)

the passing of a resolution for voluntary winding up; or

(iii)

the requirement of professional competence ceases to be satisfied,

so, however, that parts (i) and (ii) of this sub-paragraph do not apply in the case of a voluntary liquidation for the purpose of reconstruction.”.

In paragraphs (2) and (4) of regulation 10, for the words “(i) to (iv)” in both places where they occur there shall be substituted the words “(i) and (ii)”.