SCHEDULES
SCHEDULE 14 Foreign Lawyers: Partnerships and Recognised Bodies
Part II Registered Foreign Lawyers:Supplementary Provisions
Contributions to the Fund
I17
C11
On an application for registration, a foreign lawyer shall pay to the Society a contribution to the Compensation Fund (“the initial contribution") of such amount as the Council may from time to time determine.
2
On each application for renewal of his registration, a registered foreign lawyer shall pay to the Society—
a
a contribution of such amount as the Council may from time to time determine (“the annual contribution"); and
b
where it appears from his application that—
i
he has, at any time during the period specified in the application, held or received clients’ money in connection with a multi-national partnership of which he is, or was, a member; or
ii
he is, or was at any time during that period, an officer of a recognised body which has, at any time during that period, held or received clients’ money,
a further contribution (“the special levy") of such amount as the Council may from time to time determine.
C23
The Council may make rules providing, in circumstances specified by the rules, for a foreign lawyer—
a
to pay a reduced initial or annual contribution or special levy; or
b
not to be required to pay such a contribution or levy.
4
Any rules under sub-paragraph (3) shall be made with the concurrence of the Master of the Rolls.