(1)The Lord Chancellor may by regulation make such provision as he considers expedient with a view to securing—
(a)that authorised practitioners maintain satisfactory standards of competence and conduct in connection with the provision by them of conveyancing services;
(b)that in providing such services (and in particular in fixing their charges) they act in a manner which is consistent with the maintenance of fair competition between authorised practitioners and others providing conveyancing services; and
(c)that the interests of their clients are satisfactorily protected.
(2)The regulations may, in particular, make provision—
(a)designed to—
(i)provide for the efficient transaction of business;
(ii)avoid unnecessary delays;
(b)as to the supervision, by persons with such qualifications as may be prescribed, of such descriptions of work as may be prescribed;
(c)requiring authorised practitioners to arrange, so far as is reasonably practicable, for each transaction to be under the overall control of one individual;
(d)designed to avoid conflicts of interest;
(e)as to the terms and conditions on which authorised practitioners may provide conveyancing services;
(f)as to the information to be given to prospective clients, the manner in which or person by whom it is to be given and the circumstances in which it is to be given free of charge;
(g)as to the handling by authorised practitioners of their clients' money;
(h)as to the disclosure of and accounting for commissions.