Part 2Regulation of licensed legal services
Chapter 1Approved regulators
Practice rules
I121Performance 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.