SCHEDULE 4 SCHEDULE 2: REVOCATION
2 For the purposes of paragraph 1(e)(i) in applying section 123 of the Insolvency Act 1986:
(a) if a written demand served on the Licensee is satisfied prior to the expiry of the notice of revocation the Secretary of State shall not revoke the Licence; and
(b) the figure of “£750", or such other money sum as may be specified from time to time pursuant to sections 123(3) and 416 of the Insolvency Act 1986, shall be deemed to be replaced by “ £250,000 ” or such higher figure as the Director may from time to time determine.