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Regulation 7 Amendment of regulation 7

Original text. Later amendments are not shown.

In regulation 7(1) (application to transferred loans in England and Wales)—

(a)

in the definition of “the Authority”, at the end, omit “and”;

(b)

after the definition of “the Authority”, insert—

  • ““postgraduate master’s degree loan” means, subject to any provisions of transfer arrangements, the total outstanding—

    1. (a)

      principal owed by a person to a loan purchaser pursuant to—

      1. (i)

        the 2016 Postgraduate Regulations; or

      2. (ii)

        the 2017 Postgraduate Wales Regulations; and

    2. (b)

      interest, penalties and charges owed by a person to a loan purchaser pursuant to these Regulations in connection with the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations; and”;

(c)

for the definition of “student loan”, substitute—

  • ““student loan” means, subject to any provisions of transfer arrangements, the total outstanding principal, interest, penalties and charges owed by a person to a loan purchaser pursuant to—

    1. (a)

      these Regulations, other than any interest, penalties and charges owed in connection with the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations; and

    2. (b)

      any other Regulations made under section 22 of the 1998 Act, other than the 2016 Postgraduate Regulations or the 2017 Postgraduate Wales Regulations.”.