3. For the purpose of enabling the Law Society of Scotland to issue certificates under Part I of the Financial Services Act 1986(1) (regulation of investment business) to a registered European lawyer, a partnership in which a registered European lawyer is a partner or a recognised body in the management and control of which a registered European lawyer is concerned –
(a)the Law Society of Scotland shall be taken as the appropriate professional body for that purpose;
(b)the registered European lawyer and any partner shall be treated–
(i)as if they were members of the Law Society of Scotland; and
(ii)as if they were solicitors for the purposes of paragraph 2(3) of Schedule 3 to the Financial Services Act 1986 (requirements for recognition of professional body).