21Performance report
This section has no associated Explanatory Notes
(1)Practice rules made by reference to section 20(2)(a) are (in particular) to give the Head of Practice of a licensed provider the functions of—
(a)carrying out an annual review, and
(b)sending a report (in a specified form) on the review to the approved regulator.
(2)The review must include an examination of—
(a)the licensed provider’s compliance with section 50(1), and
(b)the involvement of any non-solicitor investors in the licensed provider.
(3)Practice rules made by reference to section 20(2)(b) may describe the approved regulator’s functions under section 31.