5(1)“Reserved instrument activities” means—
(a)preparing any instrument of transfer or charge for the purposes of the Land Registration Act 2002 (c. 9);
(b)making an application or lodging a document for registration under that Act;
(c)preparing any other instrument relating to real or personal estate for the purposes of the law of England and Wales or instrument relating to court proceedings in England and Wales.
(2)But “reserved instrument activities” does not include the preparation of an instrument relating to any particular court proceedings if, immediately before the appointed day, no restriction was placed on the persons entitled to carry on that activity.
(3)In this paragraph “instrument” includes a contract for the sale or other disposition of land (except a contract to grant a short lease), but does not include—
(a)a will or other testamentary instrument,
(b)an agreement not intended to be executed as a deed, other than a contract that is included by virtue of the preceding provisions of this sub-paragraph,
(c)a letter or power of attorney, or
(d)a transfer of stock containing no trust or limitation of the transfer.
(4)In this paragraph a “short lease” means a lease such as is referred to in section 54(2) of the Law of Property Act 1925 (c. 20) (short leases).