Regulation 21 of the Principal Regulations is amended as follows:

(a) by inserting in subregulation (1) "at least once in" after "account" ;

(b) by omitting from subregulation (2) "reconciles" and substituting "must reconcile" ;

(c) by omitting paragraph (b) from subregulation (2) and substituting the following paragraph:

(b) preparing a schedule to reconcile the balance of the trust account cash books calculated under paragraph (a) with the balance of the trust account –

(i) as specified in the statements issued by the approved institution; and

(ii) taking into account unpresented payments, deposits in transit and other adjustments; and

(d) by omitting from subregulation (2)(c)(iii) "matched amount in paragraph (b) " and substituting "balances referred to in paragraphs (a) and (b) " .