Part 2Regulation of licensed legal services
Chapter 1Approved regulators
Approved regulators
I16Approved regulators
1
For the purposes of this Part, an approved regulator is a professional or other body which is approved as such by the Scottish Ministers under section 7.
2
That is, following an application to them by the body under subsection (3).
3
An application to become an approved regulator must include—
a
a copy of the applicant's proposed regulatory scheme (see section 7(1)(c)),
b
a copy of its proposed statement of policy under section 78(1),
c
a description of—
i
the applicant's constitution and composition (including internal structure),
ii
its internal governance arrangements,
iii
its representative functions (if any),
iv
its other activities (if any).
4
The applicant—
a
must provide the Scottish Ministers with such other information as they may reasonably require for their (or the Lord President's) consideration of its application,
b
may withdraw its application at any time by giving them written notice to that effect.
5
No more than 3 approved regulators may exist at any time.
6
The Scottish Ministers may—
a
with the agreement of the Lord President, and
b
after consulting such other person or body as they consider appropriate,
by regulations amend the number specified in subsection (5).
7
The Scottish Ministers may by regulations prescribe fees that they may charge—
a
an applicant to become an approved regulator,
b
approved regulators.