Paragraph 1 Amendment of Regulation 2

before the words ““creditors' committee”” there shall be inserted the words ““bank” means any authorised institution in England and Wales within the meaning of the Banking Act 1987;”;

for the words ““local bank” means any recognised bank in England and Wales within the meaning of the Banking Act 1979^f1” there shall be substituted the words ““local bank” means any bank”; and

before the words ““responsible insolvency practitioner”” there shall be inserted the words ““payment instrument” means cheque or payable order;”.