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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).