61.—(1) Where approval is granted under regulation 59 it will take effect—
(a)where the application is made in the year before that for which the applicant has applied to be approved—
(i)from 1st January in the year for which the applicant has applied to be approved where the decision to grant approval was made before that date; and
(ii)in all other cases, from the date of the decision,
and will remain in force until 31st December in the year for which the applicant has applied to be approved;
(b)where the application is made during the year for which the applicant has applied to be approved, from the date of the decision, and will remain in force until 31st December in that year.
(2) In these Regulations, “relevant approval period” means the period for which a grant of approval that has been made under this regulation remains in force.