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(1)There shall be a Board, to be known as the Scottish Conveyancing and Executry Services Board, which shall have the principal functions of regulating—
(a)the provision of conveyancing services by persons other than—
(i)solicitors; and
(ii)persons mentioned in section 32(2) of the 1980 Act (unqualified persons who may draw and prepare documents relating to heritable estate and confirmations); and
(b)the provision of executry services by persons other than—
(i)solicitors;
(ii)persons referred to in paragraph (a)(ii) above; and
(iii)recognised financial institutions.
(2)The Secretary of State may, with the consent of the Treasury, make grants to the Board towards expenses incurred, or to be incurred, by them in connection with—
(a)the initial establishment of the Board; and
(b)the discharge by the Board of their functions.
(3)Any grant made under subsection (2) above may be made subject to such terms and conditions (including conditions as to repayment) as the Secretary of State, with the consent of the Treasury, thinks fit and the Secretary of State may, with such consent, vary such terms and conditions after the grant is made.
(4)Part I of Schedule 1 to this Act (constitution, duties, powers and status of the Board) shall have effect in relation to the Board.
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