Ok, found another thread asking the same thing, it ain't easy to find but here's how I did it:
In the Design Tab select 'Terms & Conditions' (not Terms & Conditions Popup) from the drop-down list.
Scroll to the bottom of the Preview pane.
Select the EPOS link text
In the layout code at the bottom (advanced mode) you should see:
<actinic:variable name="ActinicTermsAndConditionsLink" />
Change this to:
<!--actinic:variable name="ActinicTermsAndConditionsLink" /-->
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