Section 47 – Licensed providers
101.Section 47 provides the definition of a licensed provider. Any such body is a business entity which provides legal services for a fee, gain or reward under a licence issued by an approved regulator. In order to be eligible to be a licensed provider a body must have within it a practising solicitor (with a valid practising certificate that is free from conditions).
102.Subsection (3) states that a licensed provider may not be regulated by more than one approved regulator at the same time.