Regulation 4 Amendment of regulation 3 of the principal Regulations
For regulation 3 of the principal Regulations (grant of recognition as a fund-holding practice) substitute—
“3(1)A Health Board shall not grant recognition as a standard fund-holding practice or as a primary care purchasing practice (as the case may be) unless it is satisfied that the conditions specified in Schedule 1 to these Regulations are fulfilled.
(2)For the purposes only of the payment and application of the management allowance referred to in regulation 19A, recognition shall take effect on the date on which the Health Board determines to grant recognition.
(3)A fund-holding practice which is recognised as such immediately before 21st July 1995 shall be a standard fund-holding practice.”.