Amendment of regulation 7 of the Principal Regulations
This section has no associated Explanatory Memorandum
4.—(1) Regulation 7 (termination of membership) of the Principal Regulations is amended as follows.
(2) In paragraph (1), for “12” substitute “7”.
(3) After paragraph (3), insert—
“(4) Where a member is no longer an eligible body, the Secretary of State may terminate that member’s participation in the Scheme with immediate effect.”.