Amendments to the principal Regulations
6. In regulation 29 (partnerships)—
(a)in paragraph (3)—
(i)for “section 13(3)” substitute “section 13A(2)”, and
(ii)for sub-paragraph (b) substitute—
“(b)the firm satisfies the requirements to have an effective and stable establishment in Great Britain and to have appropriate financial standing;”;
(b)in paragraph (4), for “section 13(4)” substitute “section 13B” and for “section 34(a) or (b)” substitute “section 13B(a) or (b)”;
(c)in paragraph (5), for “section 13(6)” substitute “section 13D”;
(d)for paragraph (7) substitute—
“(7) The provisions of section 27(1) shall apply in any case where the licence holder is a firm if—
(a)the firm ceases to have an effective and stable establishment in Great Britain (as determined in accordance with Article 5 of the 2009 Regulation);
(b)any partner of the firm ceases to satisfy the requirements of section 13A(2)(b) (good repute);
(c)the firm ceases to have appropriate financial standing (as determined in accordance with Article 7 of the 2009 Regulation); or
(d)neither the requirement of sub-paragraph (i) nor that of sub-paragraph (ii) of regulation 29(3)(c) (professional competence) is fulfilled.”;
(e)in paragraph (12), insert the word “and” after paragraph (a), omit sub-paragraphs (b) and (d) and omit the word “and” after paragraph (c).