- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)This section applies where—
(a)an approved regulator amends its regulatory scheme so as to exclude the regulation of particular categories of licensed providers or legal services, or
(b)the authorisation of an approved regulator is to be (or has been)—
(i)amended by virtue of section 38(4)(e) so as to exclude the regulation of certain categories of licensed providers or legal services,
(ii)rescinded by virtue of section 38(4)(f), or
(iii)surrendered by virtue of section 39(1).
(2)The Scottish Ministers may direct the approved regulator to take specified action (or refrain from doing something) if they consider that to be necessary or expedient for the continued effective regulation of a licensed provider.
(3)The approved regulator must (so far as practicable) comply with a direction given to it under subsection (2).
(4)For the purposes of this section, a reference to an approved regulator includes (as the context requires) a former approved regulator.
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Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
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