Finance Act 2015

Disciplinary action in relation to professionals etcU.K.

7(1)In Schedule 34 (threshold conditions), paragraph 8 (disciplinary action: professionals etc) is amended as follows.U.K.

(2)For sub-paragraph (1) substitute—

(1)A person who carries on a trade or profession that is regulated by a professional body meets this condition if all of the following conditions are met—

(a)the person is found guilty of misconduct of a prescribed kind,

(b)action of a prescribed kind is taken against the person in relation to that misconduct, and

(c)a penalty of a prescribed kind is imposed on the person as a result of that misconduct.

(3)In the heading, for “by a professional body” substitute against a member of a trade or profession.

(4)In sub-paragraph (3), in paragraph (h), for “for” substitute “ of ”.