Chwilio Deddfwriaeth

Legal Services Act 2007

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

 Help about opening options

Dewisiadau AgorExpand opening options

Changes over time for: Cross Heading: Introductory

 Help about opening options

No versions valid at: 01/01/2009

Alternative versions:

Status:

Point in time view as at 01/01/2009. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the Legal Services Act 2007, Cross Heading: Introductory. Help about Changes to Legislation

Yn ddilys o 31/03/2009

IntroductoryE+W

Yn ddilys o 01/10/2011

71Carrying on of activities by licensed bodiesE+W

(1)The provisions of this Part have effect for the purpose of regulating the carrying on of reserved legal activities and other activities by licensed bodies.

(2)In this Act “licensed body” means a body which holds a licence in force under this Part.

72Licensable bodyE+W

(1)A body (“B”) is a licensable body if a non-authorised person—

(a)is a manager of B, or

(b)has an interest in B.

(2)A body (“B”) is also a licensable body if—

(a)another body (“A”) is a manager of B, or has an interest in B, and

(b)non-authorised persons are entitled to exercise, or control the exercise of, at least 10% of the voting rights in A.

(3)For the purposes of this Act, a person has an interest in a body if—

(a)the person holds shares in the body, or

(b)the person is entitled to exercise, or control the exercise of, voting rights in the body.

(4)A body may be licensable by virtue of both subsection (1) and subsection (2).

(5)For the purposes of this Act, a non-authorised person has an indirect interest in a licensable body if the body is licensable by virtue of subsection (2) and the non-authorised person is entitled to exercise, or control the exercise of, voting rights in A.

(6)In this Act “shares” means—

(a)in relation to a body with a share capital, allotted shares (within the meaning of the Companies Acts);

(b)in relation to a body with capital but no share capital, rights to share in the capital of the body;

(c)in relation to a body without capital, interests—

(i)conferring any right to share in the profits, or liability to contribute to the losses, of the body, or

(ii)giving rise to an obligation to contribute to the debts or expenses of the body in the event of a winding up;

and references to the holding of shares, or to a shareholding, are to be construed accordingly.

Commencement Information

I1S. 72 partly in force: s. 72 not in force at Royal Assent see s. 211; s. 72 in force for certain purposes at 31.3.2009 by S.I. 2009/503, art. 3

Yn ôl i’r brig

Options/Help

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open y Ddeddf Gyfan

Y Ddeddf Gyfan you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open y Ddeddf Gyfan heb Atodlenni

Y Ddeddf Gyfan heb Atodlenni you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

Y Rhestrau you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?