SCHEDULES
SCHEDULE 9Transitory modifications
Regulations to secure that any institution ceasing to be an exempt charity on the relevant commencement date is excepted
9
(1)
Sub-paragraph (2) applies if paragraph 2, 3 or 4 applies and, on the date which is the relevant commencement date in relation to that paragraph, an institution ceases to be an exempt charity.
(2)
In relation to that institution, section 31 has effect as if for subsection (3) there were substituted—
“(3)
Such regulations must be made under section 30(2)(c) as are necessary to secure that the institution is excepted under section 30(2)(c) (subject to compliance with any conditions of the exception and the financial limit mentioned in section 30(2)(c)).”