SCHEDULES
SCHEDULE 21Minor and consequential amendments
Building Societies Act 1986 (c. 53)
69
The Building Societies Act 1986 is amended in accordance with paragraphs 70 to 72.
70
In section 52 (powers to obtain information and documents etc)—
a
in subsection (8) for “barrister, solicitor or advocate” substitute “
relevant lawyer
”
, and
b
in subsection (13) after the definition of “approved” insert—
“relevant lawyer” means a barrister, advocate, solicitor or other legal representative communications with whom may be the subject of a claim to professional privilege;
71
In section 67 (directors, etc, not to accept commission in connection with loans), in subsection (7), in the definition of “solicitor” for “licensed conveyancer” substitute “
any person who, for the purposes of the Legal Services Act 2007, is an authorised person in relation to an activity which constitutes a reserved instrument activity (within the meaning of that Act)
”
.
72
In section 69 (disclosure and record of income of related businesses), in subsection (17), in the definition of “solicitor” for “licensed conveyancer” to the end substitute “
any person who, for the purposes of the Legal Services Act 2007, is an authorised person in relation to an activity which constitutes a reserved instrument activity (within the meaning of that Act).
”