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10(1)Subject to sub-paragraph (2), where—E+W
(a)the Council is satisfied that a recognised body [F1or a manager of such a body] has failed to comply with any rules applicable to it by virtue of section 32; or
[F2(aa)the Council is satisfied that a recognised body has been carrying on business in breach of any condition subject to which the body's recognition under section 32 of this Act has effect; or]
(b)a person has been appointed receiver or manager of property of a recognised body ; or
[F3(c)a relevant insolvency event occurs in relation to a recognised body; or]
(d)the Council has reason to suspect dishonesty on the part of any [F4manager] or employee of a recognised body in connection with
[F5(i)that body's business,
(ii)any trust of which that body is or was a trustee,
(iii)any trust of which the manager or employee is or was a trustee in his capacity as such a manager or employee, or
(iv)the business of another body in which the manager or employee is or was a manager or employee or the practice (or former practice) of the manager or employee;]
[F6or
(e)the Council is satisfied that it is necessary to exercise the powers conferred by Part 2 of Schedule 5 (or any of them) in relation to a recognised body to protect—
(i)the interests of clients (or former or potential clients) of the recognised body,
(ii)the interests of the beneficiaries of any trust of which the recognised body is or was a trustee, or
(iii)the interests of the beneficiaries of any trust of which a person who is or was a manager or employee of the recognised body is or was a trustee in that person's capacity as such a manager or employee,]
the powers conferred by Part II of Schedule 5 shall be exercisable in relation to the recognised body and its business in like manner as they are exercisable in relation to a licensed conveyancer and his practice.
[F7(1A)For the purposes of this paragraph a relevant insolvency event occurs in relation to a recognised body if—
(a)a resolution for a voluntary winding-up of the body is passed without a declaration of solvency under section 89 of the Insolvency Act 1986;
(b)the body enters administration within the meaning of paragraph 1(2)(b) of Schedule B1 to that Act;
(c)an administrative receiver within the meaning of section 251 of that Act is appointed;
[F8(d)a winding up becomes a creditors’ voluntary winding up under section 96 of that Act (conversion to creditors’ voluntary winding up);]
(e)an order for the winding up of the body is made.]
(2)F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in Sch. 6 para. 10(1)(a) inserted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(12)(a) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F2Sch. 6 para. 10(1)(aa) inserted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(12)(b) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F3Sch. 6 para. 10(1)(c) substituted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(12)(c) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F4Word in Sch. 6 para. 10(1)(d) substituted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(12)(d) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F5Words in Sch. 6 para. 10(1)(d) substituted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(12)(e) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F6Sch. 6 para. 10(1)(e) and preceding word inserted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(12)(f) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F7Sch. 6 para. 10(1A) inserted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(12)(g) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F8Sch. 6 para. 10(1A)(d) substituted (6.4.2017) by The Deregulation Act 2015 and Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) (Savings) Regulations 2017 (S.I. 2017/540), reg. 1, Sch. 1 para. 1(3) (with reg. 4)
F9Sch. 6 para. 10(2) repealed (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 210, 211, Sch. 17 para. 32(12)(h), Sch. 23 (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)(f)(v)(ff)
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