Regulation 2 Amendment of regulation 5 of the principal Regulations

For paragraph (2) of regulation 5 of the principal Regulations (grant of recognition as a fund-holding practice) substitute—

“(2)

Subject to paragraph (3)—

(a)

in the case of a standard fund-holding practice or a community fund-holding practice, recognition which has been granted—

(i)

on or after 31st July 1997 but before 1st April 1999 shall take effect from 1st April 1999, and

(ii)

on or after 1st April 1999 shall take effect from whichever date, of 1st April 2001, 1st April 2003, and so on, most closely follows the date on which recognition was granted; and

(b)

in the case of a GP commissioning group, recognition shall take effect from 1st April following the grant of recognition.”.