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PART 4Compensation arrangements regarding the Guarantee Fund

Changes in circumstances regarding licensed providers

7.—(1) An approved regulator must, within the permitted timescale, notify the Law Society of a change in the name of any licensed provider and the date on which this change occurred.

(2) In this regulation—

“within the permitted timescale” means as soon as reasonably practicable and not later than a period of 28 days commencing on the day after the day on which the approved regulator is notified of the change.