Regulation 2 Amendment of regulation 1 of the principal Regulations
In regulation 1(2) of the principal Regulations (interpretation)—
(a)
after the definition of “bank account”, insert—
““community fund-holding practice” means a fund-holding practice which has been granted recognition as a community fund-holding practice in accordance with regulation 5;”; and
(b)
after the definition of “relevant FHSA”, insert—
““standard fund-holding practice” means a fund-holding practice which has been granted recognition as a standard fund-holding practice in accordance with regulation 5.”.