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Regulation 6 Death, bankruptcy or incapacity of certified person

Original text. Later amendments are not shown.

(1)

If a certified person dies or becomes bankrupt or incapacitated, the Commissioners may, from the date on which he died or became bankrupt or incapacitated until some other person is certified in respect of the designated activities or the incapacity ceases, as the case may be, treat as a certified person any person carrying on those designated activities; and the provisions of the Act and of any regulations made thereunder shall apply to any person so treated as though he were a certified person.

(2)

Any person carrying on such designated activities as aforesaid shall, within thirty days of commencing to do so, inform the Commissioners in writing of that fact and of the date of the death or of the nature of the incapacity and the date on which it began.

(3)

In relation to a company which is a certified person, the references in regulation 5(1)(e) and (2)(e) and in paragraph (1) above to the certified person becoming bankrupt or incapacitated shall be construed as references to its going into liquidation or receivership or to an administration order being made in relation to it.