4. After paragraph (4) of regulation 1, there shall be inserted the following paragraph—
“(5) A statutory corporation referred to in paragraph (3) is—
(a)a governing body of a grant-maintained school or grant-maintained special school; or
(b)a further education corporation established under section 15 or 16 of the Further and Higher Education Act 1992(1),
which conducts a school or other institution, as the case may be, which immediately before it was conducted by that statutory corporation was maintained by ILEA or an inner London council within the meaning of Part III of the 1988 Act.”.