The Community Investment Tax Relief (Accreditation of Community Development Finance Institutions) (Amendment) Regulations 2008

Amendment of regulations 7, 12, 13, 15 and 16 and Schedule 1

5.—(1) In the following places, for “Small Business Service” substitute “Department for Business, Enterprise and Regulatory Reform”—

(a) regulation 7(4) (publication of details, penalty);

(b) regulation 13(1) (twice) and (4) (reporting requirements);

(c) regulation 15(2)(b)(ii) (withdrawal of accreditation); and

(d) regulation 16(3)(b) (appeals against refusal to grant accreditation or withdrawal of accreditation).

(2) In the following places, for “Investment Director” substitute “Director of Enterprise Environment”—

(a) regulation 7(4);

(b) regulation 12(1), (2) and (3) (twice) (limits on qualifying investments);

(c) regulation 13(5);

(d) regulation 15(3);

(e) regulation 16(2) (c) and (3); and

(f) paragraphs 2(2) and 4(3) of Schedule 1 (investments which are not relevant investments).