(1)Despite section 7(1), the Scottish Ministers must not approve the applicant as an approved regulator unless the Lord President agrees to its being approved as such.
(2)The Scottish Ministers are to impose under section 7(2) such particular conditions relating to the expertise mentioned in section 7(1)(a)(i) as are reasonably sought by the Lord President when (and if) notifying them of the Lord President's agreement for the purpose of subsection (1).
(3)The Lord President's agreement is required for—
(a)the imposition of any—
(i)conditions under section 7(2) (apart from conditions to which subsection (2) relates),
(ii)restrictions under section 7(3),
(b)the variation of any such conditions or restrictions under section 7(4).
Commencement Information
I1S. 9 in force at 1.4.2011 by S.S.I. 2011/180, art. 3, Sch.