196Old licences held by trusts

196 Old licences held by trusts (1) If, immediately before the commencement day, the holder of the old licence was a trust, the trustee or trustees of the trust are taken to be the approved provider of the children's service under section 194. (2) The trust must, within 30 days after the commencement day, notify the Regulatory Authority of the identity of the trustee or trustees of the trust. (3) If the notice is not given under subsection (2) within the required period, each trustee of the trust ceases to be an approved provider under this section at the end of that period. S. 197 inserted by No. 37/2019 s. 16.