Regulation 11 Renunciation of recognition

(1)

The members of a fund-holding practice may renounce recognition by giving to the Regional Health Authority notice of their intention to renounce recognition with effect from 31st March following the sending of the notice.

(2)

The notice referred to in paragraph (1) shall–

(a)

be signed by a majority of the members of the fund-holding practice;

(b)

be sent at least one month before the 31st March following the sending of the notice; and

(c)

be accompanied by a statement containing particulars of–

(i)

the NHS contracts into which the fund-holding practice has entered;

(ii)

the amount standing in the fund-holding account;

(iii)

the amount standing in the fund-holding account which may be applied for the purposes specified in regulation 24 (savings from the allotted sum) and;

(iv)

the liabilities of the members of the fund-holding practice.