Regulation 7 Amendment of regulation 8 of the principal Regulations
In regulation 8 of the principal Regulations (conditions for continuing recognition)—
(a)
for “The members of a fund-holding practice shall continue to be entitled to recognition as a fund-holding practice” substitute “The members of a standard fund-holding practice or community fund-holding practice (as the case may be) shall continue to be entitled to recognition as such”; and
(b)
after “Schedule 2” in both places insert “in relation to such a practice”.