Part 2Regulation of licensed legal services
Chapter 1Approved regulators
Practice rules
21Performance report
(1)
Practice rules made by reference to section 20(2)(a) are (in particular) to give the Head of Practice of a licensed provider the functions of—
(a)
carrying out an annual review, and
(b)
sending a report (in a specified form) on the review to the approved regulator.
(2)
The review must include an examination of—
(a)
the licensed provider's compliance with section 50(1), and
(b)
the involvement of any non-solicitor investors in the licensed provider.
(3)
Practice rules made by reference to section 20(2)(b) may describe the approved regulator's functions under section 31.