Part 2Regulation of licensed legal services
Chapter 3Further provision
Achieving regulatory aims
78Policy statement
(1)
An approved regulator must prepare and issue a statement of policy as to how, in exercising its functions under this Part, it will comply with its duties under section 77.
(2)
The approved regulator—
(a)
may revise the policy statement,
(b)
if it does so, must re-issue the policy statement.
(3)
The approved regulator may issue (or re-issue) the policy statement only with the approval of the Scottish Ministers.
(4)
The approved regulator must publish the policy statement as issued (or re-issued).
(5)
In exercising its functions under this Part, the approved regulator must have regard to the policy statement as issued (or re-issued).