Regulation 26 Amendment of Schedule 2 to the principal Regulations

Schedule 2 to the principal Regulations (conditions for continuing recognition) is amended as follows.

Omit paragraphs 1 and 2.

In paragraph 5, for “19, 20, 22, 23, 24 and 25” substitute “20, 23, 24, 24A, 25 and 25A”.

In paragraph 15^f1, for “, in the case of standard fund-holding practices in Part I, and in the case of community fund-holding practices in Part II, of” substitute “in”.

After paragraph 15 add the following—

“16

There shall be no changes to the membership of the fund-holding practice, either by addition of new members or withdrawal of existing members, except in circumstances of death or retirement of a member.

17

The members of the practice shall not let the fund-holding account become overdrawn.”.