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9. In regulation 35—
(a)for paragraph (1)(a) there shall be substituted—
“(a)may approve a body to carry out the functions prescribed by regulation 34(1) above;”
(b)paragraph (1)(b) shall be omitted;
(c)before “body” where it appears in each of paragraphs (1)(f) and (g) there shall be inserted “regulatory”; and
(d)for paragraph (2) there shall be substituted—
“(2) Without prejudice to the generality of paragraph (1)(c) above, the Commissioners may revoke their approval of the regulatory body where it appears to them necessary to do so for the proper operation of the credit scheme established by this Part.”.
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