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The Health and Personal Social Services (Fund-holding Practices) Amendment Regulations (Northern Ireland) 1996
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- Northern Ireland Statutory Rules
- 1996 No. 131
- Regulation 5
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Amendment of regulation 10 of the principal Regulations
5. In regulation 10 of the principal Regulations (consequences of renunciation of recognition)—
(a)after paragraph (2) insert—
“(2A) Where, on the date when the renunciation of recognition takes effect, the members of the fund-holding practice have any outstanding liabilities and the entire allotted sum payable in respect of the financial year ending on that date has been spent, such liabilities shall be met from any accumulated savings.”;
(b)for paragraph (4) substitute the following—
“(4) Subject to paragraph 4(A), if, after a notice under paragraph (3) has been sent, part of the allotted sum remains in the fund-holding account, the former fund-holding practice shall apply that sum as specified in regulation 21 for the benefit of the patients of the members of the former fund-holding practice in such proportions as the members of the former fund-holding practice may agree or, where they do not agree, in proportion to the respective list sizes of the members of the former fund-holding practice.”;
(c)after paragraph (4) insert—
“(4A) Where recognition is renounced before it has taken effect in accordance with regulation 4(2), the former fund-holding practice shall pay any part of the management allowance mentioned in regulation 19A which remains in the fund-holding account to the Health and Social Services Board.”.
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