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Regulation 20 Amendment of regulation 24 of the principal Regulations

Original text. Later amendments are not shown.

(1)

Regulation 24 of the principal Regulations (payments to a member of the fund-holding practice) is amended as follows.

(2)

In paragraph (1)—

(a)

at the beginning insert “Subject to regulation 24A,”;

(b)

at the end of sub-paragraph (a) insert “or”;

(c)

omit sub-paragraph (b); and

(d)

in sub-paragraph (c), omit “or (e)”.

(3)

In paragraph (2)—

(a)

omit “standard”; and

(b)

omit “Part I of”.

(4)

In paragraph (3)(a), omit “Part I of”.