15Initial considerations
This section has no associated Explanatory Notes
(1)Licensing rules must provide for—
(a)consultation with the OFT, where appropriate in accordance with subsection (2), in relation to a licence application,
(b)how the approved regulator is to deal with a licence application where it believes that granting it would cause (directly or indirectly) a material and adverse effect on the provision of legal services.
(2)For the purpose of subsection (1)(a), it is appropriate to consult the OFT where the approved regulator believes that the granting of the licence application may have the effect of—
(a)preventing competition within the legal services market, or
(b)significantly restricting or distorting such competition.