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3.—(1) Regulation 3 (interpretation) is amended as follows.
(2) In paragraph (1)—
(a)after the definition of “keeper”, insert the following definition—
““keeper of a fleet” means a person who is the registered keeper of 50 or more vehicles;”;
(b)in the definition of “tricycle”, for “4(3)(b); and” substitute “4(3)(b);”;
(c)in the definition of “valeting”, for “accordingly.” substitute “accordingly; and”; and
(d)after the definition of “valeting”, insert the following definition—
““vehicle trader” means any person who—
is the holder of a trade licence;
carries on business as a dealer in motor vehicles;
carries on business as an auctioneer of motor vehicles;
carries on business as a dismantler of motor vehicles; or
in relation to a particular vehicle, is—
a finance company which has acquired that vehicle under an order for repossession; or
an insurer which has acquired that vehicle in satisfaction of a total loss claim.”
(3) In paragraph (2) omit the words “regulations 21 to 25 “vehicle trader” has the meaning given by regulation 20(6) and in”.