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Regulation 10 Amendments to the principal Regulations

Original text. Later amendments are not shown.

In regulation 7—

(a)

in paragraph (1)—

(i)

for sub-paragraph (b) there shall be substituted—

“(b)

that the person referred to as B in the principal section is an approved lender, and any person acting for B in connection with the arrangement as an agent or nominee is an approved agent or, as the case may be, an approved nominee;”;

(ii)

sub-paragraph (d) shall be omitted;

(b)

in paragraph (2)—

(i)

for sub-paragraph (b) there shall be substituted—

“(b)

that the person referred to as C in the principal section is an approved lender, and any person acting for C in connection with the arrangement as an agent or nominee is an approved agent or, as the case may be, an approved nominee;”;

(ii)

sub-paragraph (d) shall be omitted;

(c)

in paragraph (3) immediately before the definition of “approved borrower” there shall be inserted—

  • ““approved agent” and “approved nominee” have the same meanings as in regulation 5;”.