49.—(1) Neither regulation 45 nor regulation 46 requires an institution to deliver copies of accounting documents if at the end of the period allowed for compliance with those regulations—
(a)it is not required by its parent law to register them,
(b)they are made available for inspection at each branch of the institution in the United Kingdom, and
(c)copies of them are available on request at a cost not exceeding the cost of supplying them.
(2) Where—
(a)by virtue of paragraph (1) an institution is not required to deliver documents under regulation 45 or 46, and
(b)any of the conditions specified in paragraph (1) ceases to be met,
the institution must deliver the documents to the registrar for registration within seven days of the condition ceasing to be met.