and the two-year period shall be counted from the 1st day of January of the following year. Clause 9. In renewing for approval to be listed in the register of person qualified to be property fund

approval takes effect as from the approval date and the two-year period shall be counted from the 1st January of the following year. Clause 11. In renewing for approval to be listed in the register of person

for the purpose of renewing an approval, it shall be deemed that the date on which an approval to be investor contact has previously been granted by the Office shall be the approval date granted by the