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Change 1
As published
20 Approved regulators and relevant approved regulators
(1) In this Act, the following expressions have the meaning given by this section—
“approved regulator”;
“relevant approved regulator”.
(2) “Approved regulator” means—
(a) a body which is designated as an approved regulator by Part 1 of Schedule 4 or under Part 2 of that Schedule (or both) and whose regulatory arrangements are approved for the purposes of this Act, and
(b) if an order under section 62(1)(a) has effect, the Board.
(3) An approved regulator is a “relevant approved regulator” in relation to an activity which is a reserved legal activity if—
(a) the approved regulator is designated by Part 1, or under Part 2, of Schedule 4 in relation to that reserved legal activity, or
(b) where the approved regulator is the Board, it is designated in relation to that reserved legal activity by an order under section 62(1)(a).
(4) An approved regulator is a “relevant approved regulator” in relation to a person if the person is authorised by the approved regulator to carry on an activity which is a reserved legal activity.
(5) Schedule 4 makes provision with respect to approved regulators other than the Board.
In that Schedule—
(a) Part 1 designates certain bodies as approved regulators in relation to certain reserved legal activities,
(b) Part 2 makes provision for bodies to be designated by order as approved regulators in relation to one or more reserved legal activities, and
(c) Part 3 makes provision relating to the approval of changes to an approved regulator's regulatory arrangements.
(6) An approved regulator may authorise persons to carry on any activity which is a reserved legal activity in respect of which it is a relevant approved regulator.
Your change, as a redline
20 Approved regulators and relevant approved regulators
(1) In this Act, the following expressions have the meaning given by this section—
“approved regulator”;
“relevant approved regulator”.
(2) “Approved regulator” means—
(a) a body which is designated as an approved regulator by Part 1 of Schedule 4 or under Part 2 of that Schedule (or both) and whose regulatory arrangements are approved for the purposes of this Act, and
(b) if an order under section 62(1)(a) has effect, the Board.
(3) An approved regulator is a “relevant approved regulator” in relation to an activity which is a reserved legal activity if—
(a) the approved regulator is designated by Part 1, or under Part 2, of Schedule 4 in relation to that reserved legal activity, or
(b) where the approved regulator is the Board, it is designated in relation to that reserved legal activity by an order under section 62(1)(a).
(4) An approved regulator is a “relevant approved regulator” in relation to a person if the person is authorised by the approved regulator to carry on an activity which is a reserved legal activity.
(5) Schedule 4 makes provision with respect to approved regulators other than the Board.
In that Schedule—
(a) Part 1 designates certain bodies as approved regulators in relation to certain reserved legal activities,
(b) Part 2 makes provision for bodies to be designated by order as approved regulators in relation to one or more reserved legal activities, and
(c) Part 3 makes provision relating to the approval of changes to an approved regulator's regulatory arrangements.
(6) An approved regulator may authorise persons to carry on any activity which is a reserved legal activity in respect of which it is a relevant approved regulator.
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