Regulation 6 Amendment of Schedule 2 to the principal Regulations

In Schedule 2 to the principal Regulations (conditions for continuing recognition as a fund-holding practice), for paragraph 5 there shall be substituted the following paragraph—

“5

Where recognition has taken effect in accordance with regulation 5(2), the members of the fund-holding practice are managing the allotted sum effectively and efficiently or, where recognition has been granted in accordance with regulation 5(1) but has not yet taken effect in accordance with regulation 5(2), it appears to the Regional Health Authority that they are capable of doing so.”.