# The National Health Service (Fund-holding Practices) Regulations 1996, Regulation 5: Grant of recognition as a fund-holding practice


(1) Subject to regulation 9(3), the Secretary of State shall grant recognition as a standard fund-holding practice or as a community fund-holding practice (as the case may be) if he is satisfied that the conditions specified in Schedule 1 in relation to such a practice are fulfilled.
(2) Subject to paragraph (3), recognition as a fund-holding practice shall take effect from 1st April following the grant of recognition.
(3) For the purposes only of the payment and application of the management allowance referred to in regulation 23, recognition shall take effect from the date on which it was granted.

---
Source: https://www.legislation.gov.uk/uksi/1996/706/regulation/5 (the official version)
Page: https://openlegislation.uk/national-health-service-fund-holding-practices-regulations-1996/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.