(1)A person who is a regulated person in relation to an approved regulator has a duty to comply with the regulatory arrangements of the approved regulator as they apply to that person.
(2)A person is a regulated person in relation to an approved regulator if the person—
(a)is authorised by the approved regulator to carry on an activity which is a reserved legal activity, or
(b)is not so authorised, but is a manager or employee of a person who is so authorised.
(3)This section applies in relation to the Board in its capacity as a licensing authority and its licensing rules, as it applies in relation to an approved regulator and its regulatory arrangements.
Commencement Information
I1S. 176 partly in force: s. 176 not in force at Royal Assent see s. 211; s 176(1)(2) in force at 1.1.2010 by S.I. 2009/3250, art. 2(f)(i) (with art. 9)