7.—(1) During the transitional period, a person (“P”) is an exempt person in relation to the carrying on of probate activities, if—
(a)P carries on probate activities by virtue of an employee of P (“E”) carrying them on in E’s capacity as such an employee, and
(b)E is authorised by the Association of Chartered Certified Accountants to carry on probate activities.
(2) If P is a body, in this article references to an employee of P include references to a manager of P.
(3) For the purposes of paragraph (1)(b) the reference to a person who is authorised by the Association of Chartered Certified Accountants includes a person who for the purposes of section 18 of the 2007 Act is treated as so authorised by virtue of paragraph 2A(2) of Schedule 5 to that Act.
(4) Reference in paragraph (1) to “the transitional period” is to the period which—
(a)begins with 1st January 2010, and
(b)ends with the day appointed by the Lord Chancellor under paragraph 3(1)(b) of Schedule 5 to the 2007 Act for the purposes of paragraph 11(3) of that Schedule.