21 Amendment of regulation 17
In regulation 17 (account manager - withdrawal by Board of approval), in paragraph (2)—
(a) omit the “or” after sub-paragraph (a);
(b) after sub-paragraph (b) insert—

“; or
(c) that a person to whom they have given approval to act as an account manager has not, within a period of 18 months beginning with the day on which approval was given, acted as an account manager in respect of an account.”

.