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This Order designates the Institute of Chartered Accountants in England and Wales (“the Institute”) as a licensing authority under Part 5 (alternative business structures) of the Legal Services Act 2007 (c. 29) (“the Act”) in relation to the administration of oaths. Part 5 of the Act makes provision about licensing authorities and their functions. The Legal Services Act 2007 (Approved Regulator) Order 2020 (S.I. 2020/271) designates the Institute as an approved regulator in relation to the administration of oaths. Designation as a licensing authority will allow the Institute to license alternative business structures, such as firms which are wholly or partly owned or controlled by non-lawyers to provide legal services, or a mixture of legal and other services, relating to the administration of oaths, to the public.
A full impact assessment has not been prepared for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.
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