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6. In regulation 5—
(a)for sub-paragraph (b) of paragraph (3) there shall be substituted—
“(b)that the person referred to as C in the principal section is an approved lender, and any person acting for C in connection with the arrangement as an agent or nominee is an approved agent or, as the case may be, an approved nominee;”;
(b)in paragraph (4)—
(i)immediately before the definition of “approved borrower” there shall be inserted—
““approved agent” means a person who, at the time when the arrangement is made, is approved as an agent by the Board for the purposes of this regulation;”;
(ii)after the definition of “approved moneybroker” there shall be inserted—
““approved nominee” means a person who, at the time when the arrangement is made, is approved as a nominee by the Board for the purposes of this regulation;”.
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