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(2) The Regulator shall have all such powers as may be necessary or expedient for the purposes of the holding or procurement of the holding by him or her of the National Lottery and this Act shall, as respects the National Lottery if and when it is held by the Regulator, apply and have effect with any necessary modifications or adaptations in relation to the National Lottery if and when it is so held and to the Regulator as they apply and have effect in relation to the National Lottery held by the operator and to the operator.
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