http://www.legislation.gov.uk/asp/2010/16/section/67/enactedLegal Services (Scotland) Act 2010Legal servicesLegal aid and adviceLegislationTyping servicesPerformance indicatorsKing's Printer for Scotland2017-10-06 Part 2Regulation of licensed legal servicesChapter 2Licensed legal services providersNon-solicitor investorsMore about investors 67 1 Schedule 8 provides for other— a requirements to which licensed legal services providers are subject, b functions of approved regulators, in relation to interests in licensed providers. 2 The Scottish Ministers may by regulations make further provision— a relating to interests in licensed providers, b for licensing rules in connection with persons who have an interest in a licensed provider. 3 The Scottish Ministers may by regulations— a amend the percentage specified in section 63(4) and paragraph 4(3) of schedule 8, b amend (by addition, elaboration or exception) a definition in subsection (6). 4 Regulations under subsection (2)(a) may (in particular)— a impose requirements to which a licensed provider, or an investor in a licensed provider, is subject, b specify criteria or circumstances by reference to which a non-solicitor investor is to be presumed, or held, to be fit (or unfit), c set out— i what amounts (to any extent) to ownership, control or another material interest, ii what interest (or type) is relevant as regards a particular percentage stake in ownership or control, iii by reference to a family, business or other association, what other interest (or type) also counts towards such a stake, d for circumstances where an interest is held by a body, set out— i what interest (or type) in the body counts towards the interest held by it, ii the extent to which the interest in it so counts. 5 Before making regulations under subsection (3), the Scottish Ministers must have the Lord President’s agreement. 6 In this Part— a an “investor” in a licensed provider is any person who has (to any extent)— i ownership or control of the licensed provider, or ii any other material interest in it, b a “non-solicitor investor” in a licensed provider is an investor who is not entitled to practise— i as a solicitor, a firm of solicitors or an incorporated practice, ii in England and Wales or Northern Ireland, as a solicitor (outwith the meaning for this Act), or iii as a registered European or foreign lawyer, c the reference to a “solicitor investor” in a licensed provider is to be construed accordingly. 7 In sections 62 to 66, this section and schedule 8, a reference to a licensed provider includes an applicant to become one.