Regulation 7 Amendments to the principal Regulations

for sub-paragraph (b) of paragraph (3) 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;”;

in paragraph (4) immediately before the definition of “approved borrower” there shall be inserted—

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