(1)In relation to a referral of business within section 56(4)(a)—
(a)a regulator is any person listed in column 1 below;
(b)a regulated person is any person listed in column 2;
(c)a regulator in column 1 is the relevant regulator in relation to the corresponding person in column 2.
| 1. Regulator | 2. Regulated person |
|---|---|
| the [F1Financial Conduct Authority] | an authorised person (within the meaning of the Financial Services and Markets Act 2000) of a description specified in regulations made by the Treasury |
| F2. . . | F2. . . |
| the General Council of the Bar | a person authorised by the Council to carry on a reserved legal activity within the meaning of the Legal Services Act 2007 |
| the Law Society | a person authorised by the Society to carry on a reserved legal activity within the meaning of the Legal Services Act 2007 |
| a regulatory body specified for the purposes of this subsection in regulations made by the Lord Chancellor | a person of a description specified in the regulations in relation to the body |
(2)In relation to a referral of prescribed legal business of any other kind—
(a)a regulator is any person listed in column 1 below and specified in relation to business of that kind in regulations made by the Lord Chancellor;
(b)a regulated person is any person specified in accordance with column 2 in relation to business of that kind;
(c)a person specified under paragraph (a) in relation to business of that kind is the relevant regulator in relation to a person specified in accordance with the corresponding entry in column 2 in relation to business of that kind.
| 1. Regulator | 2. Regulated person |
|---|---|
| the [F3Financial Conduct Authority] | an authorised person (within the meaning of the Financial Services and Markets Act 2000) of a description specified in regulations made by the Treasury |
| F4. . . | F4. . . |
| an approved regulator for the purposes of Part 3 of the Legal Services Act 2007 (approved legal activities); | a person who is authorised by the regulator to carry on a reserved legal activity and is of a description specified in regulations made by the Lord Chancellor |
| a licensing authority for the purposes of Part 5 of that Act (alternative business structures) | a person who is licensed by the authority to carry on a reserved legal activity and is of a description specified in regulations made by the Lord Chancellor |
Textual Amendments
F1Words in s. 59(1) table substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 114(1), 122(3), Sch. 18 para. 138(4)(a) (with Sch. 20); S.I. 2013/423, art. 2, Sch.
F2Words in s. 59(1) table omitted (29.11.2018 for specified purposes, 1.4.2019 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Claims Management Activity) Order 2018 (S.I. 2018/1253), arts. 1(2)(3), 96 (with arts. 106, 110)
F3Words in s. 59(2) table substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 114(1), 122(3), Sch. 18 para. 138(4)(b) (with Sch. 20); S.I. 2013/423, art. 2, Sch.
F4Words in s. 59(2) table omitted (29.11.2018 for specified purposes, 1.4.2019 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Claims Management Activity) Order 2018 (S.I. 2018/1253), arts. 1(2)(3), 96 (with arts. 106, 110)