Amendment of regulation 29 (partnerships)
62.—(1) In regulation 29(3)—
(a)in the words before paragraph (a), for “13A(2)” substitute “13A”;
(b)at the end of sub-paragraph (b) insert “and”; and
(c)for paragraph (c) substitute—
“(c)the firm has designated—
(i)a suitable number of individuals, including one or more of the firm’s partners, who satisfy the requirements set out in paragraph 14A(1) and (2) of Schedule 3 to the 1995 Act; or
(ii)if none of the firm’s partners satisfy the requirements referred to in paragraph (i), a suitable number of individuals who satisfy the requirements set out in paragraph 14A(1) and (3) of Schedule 3 to the 1995 Act.”.
(2) In regulation 29(7)—
(a)in sub-paragraph (a), for “Article 5 of the 2009 Regulation” substitute “paragraph A1 of Schedule 3 to the 1995 Act”;
(b)in sub-paragraph (c), for “Article 7 of the 2009 Regulation” substitute “paragraph 6A of Schedule 3 to the 1995 Act”; and
(c)for sub-paragraph (d), substitute—
“(d)a transport manager for the firm ceases to satisfy the requirements of, in the case of an individual designated under—
(i)section 13A(3)(a)(ii) as applied by paragraph (3)(c)(i), paragraph 14A(1) and (2) of Schedule 3 to the 1995 Act; or
(ii)section 13A(3)(b) as applied by paragraph (3)(c)(ii), paragraph 14A(1) and (3) of Schedule 3 to the 1995 Act.”.
(3) In regulation 29(12), omit sub-paragraph (c) and the “and” before it.