2014 No. 1872

Legal Services, England And Wales

The Legal Services Act 2007 (Approved Regulator) Order 2014

Made

Coming into force in accordance with article 1

The Institute of Chartered Accountants in England and Wales (“the Institute”) has applied to the Legal Services Board (“the Board”) under paragraph 3 of Schedule 4 to the Legal Services Act 20071 (“the Act”).

The Board has made a recommendation to the Lord Chancellor under paragraph 16(2) of Schedule 4 to the Act, having complied with the requirements of paragraphs 5, 9 and 11 to 16 of that Schedule and having granted the Institute’s application.

The Lord Chancellor makes the following Order under paragraph 17 of Schedule 4 to the Act.

In accordance with section 206(5) of the Act, a draft of this instrument was laid before Parliament and approved by resolution of each House of Parliament.

Citation and commencement1

This Order may be cited as the Legal Services Act 2007 (Approved Regulator) Order 2014 and comes into force on the day after the day on which it is made.

Designation of approved regulator2

The Institute of Chartered Accountants in England and Wales is designated as an approved regulator in relation to probate activities2.

Signed by authority of the Lord Chancellor

Shailesh VaraParliamentary Under Secretary of StateMinistry of Justice
EXPLANATORY NOTE

(This note is not part of the Order)

This Order designates the Institute of Chartered Accountants in England and Wales (“the Institute”) as an approved regulator under Part 4 (regulation of approved regulators) of the Legal Services Act 2007 (c. 29) in relation to probate activities. Designation will allow the Institute to authorise and regulate persons in relation to probate activities.

An Impact Assessment has not been prepared for this instrument. A full impact assessment of the effect of the policy implemented by this instrument on the costs of business and the voluntary sector was produced with the Government’s consultation on the Legal Services Bill and is available at http://www.justice.gov.uk or from the Head of Legal Services Policy, Law and Access to Justice Group, Ministry of Justice, 102 Petty France, London SW1H 9AJ.