8.—(1) Section 120AA (refusal, cancellation or suspension of registration on other grounds) is amended as follows.
(2) In subsection (1) for “countersign” substitute “act as the registered person in relation to”.
(3) In subsection (2)—
(a)in paragraph (a) for “countersign” substitute “act as the registered person in relation to”, and
(b)in paragraph (b) for “countersigned” substitute “acted as the registered person in relation to”.