Authorisation for assignment validity adjusted to fixed calendar expiries with age based termination provision. The amendment prescribes that an authorisation for assignment issued or renewed by an insolvency professional agency is valid for one year from issuance or renewal but is subject to fixed calendar expiries-expiring on 30 June if the one year expiry falls in the first half of the year, or on 31 December if it falls in the second half-and that the authorisation terminates if the professional attains the age of seventy during the validity period.