Regulation 4 Transfer of a going concern

after “transferee of a business” insert “or part of a business”;

for “transferor of that business” substitute “transferor of it”;

after paragraph (3)(d) omit “and”; and

after paragraph (3)(e) insert—

“, and

(f)

any records relating to the business which, by virtue of these Regulations or a direction made by the Commissioners, are required to be preserved for any period after the transfer shall be preserved by the transferee unless the Commissioners, at the request of the transferor, otherwise direct.”