Amendment of Schedule 1 to the principal Regulations14
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.