14 Amendment of Schedule 1 to the principal Regulations
1 Schedule 1 to the principal Regulations (conditions for obtaining recognition as a fund-holding practice) is amended as follows.
2 In paragraph 1 for “7,000” in each place where it occurs substitute “5,000”.
3 In paragraph 1 after “recognition would take effect” insert “in accordance with regulation 4(2)”.
4 Paragraph 3 is omitted.
5 For paragraph 6 substitute—

“6 Where the members of the practice are not partners in a single partnership, the members of the practice have entered into an agreement, approved by the Health and Social Services Board, which—
(a) provides that any act of a member of the practice with respect to the allotted sum binds the other members of the practice; and
(b) provides for the determination of how much of the allotted sum, including any savings, is to be allocated to each member of the practice.”

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