Regulation of Legal Services (Scotland) Act 2025

The Client Protection Fund

29 (1) The 1980 Act is amended as follows.

(2) In section 21 (consultants to hold practising certificates)—

(a) in subsection (1), for “Guarantee” substitute “Client Protection”,

(b) in subsection (2), for “the Guarantee” substitute “The Client Protection”.

(3) In section 37A (accounts and anti-money laundering fees), in subsection (1)(a), for “Guarantee” substitute “Client Protection”.

(4) In section 41 (appointment of judicial factor)—

(a) in paragraph (b)(iii), for “Guarantee” substitute “Client Protection”,

(b) in paragraph (c)(iii), for “guarantee fund” substitute “Client Protection Fund”.

(5) In section 43 (Guarantee Fund)—

(a) in subsection (1)—

(i) for ““The Scottish Solicitors Guarantee Fund”” substitute ““The Client Protection Fund””,

(ii) for ““the Guarantee Fund”,” substitute ““the Client Protection Fund)””,

(b) in subsection (2), in the opening words, for “Guarantee” substitute “Client Protection”,

(c) in subsection (6), for “Guarantee” substitute “Client Protection”,

(d) in subsection (7), for “Guarantee” in both places it occurs substitute “Client Protection”.

(6) In schedule 3—

(a) in paragraph 1(1), for “Guarantee” substitute “Client Protection”,

(b) in paragraph 1(2B), for “Guarantee Fund” substitute “Client Protection Fund—”,

(c) in paragraph 1(4)—

(i) for “Guarantee” substitute “Client Protection”,

(ii) for “£250,000 or such other” substitute “such”,

(d) in paragraph 1(5), for “Guarantee” substitute “Client Protection”,

(e) in paragraph 1A(2)(b), for “Guarantee” substitute “Client Protection”,

(f) in paragraph 1B(2)(b), for “Guarantee” substitute “Client Protection”,

(g) in paragraph 1B(4), for “Guarantee” substitute “Client Protection”,

(h) in paragraph 2(1), for “Guarantee” substitute “Client Protection”,

(i) in paragraph 2(2), for “Guarantee” substitute “Client Protection”,

(j) in paragraph 2(3), for “Guarantee” substitute “Client Protection”,

(k) in paragraph 2(5), for “Guarantee” in each place it occurs substitute “Client Protection”,

(l) in paragraph 3(1), for “Guarantee” substitute “Client Protection”,

(m) in paragraph 4(1), for “Guarantee” substitute “Client Protection”,

(n) in paragraph 4(2), for “Guarantee” substitute “Client Protection”,

(o) in paragraph 4(3), for “Guarantee” substitute “Client Protection”,

(p) in paragraph 4(3A), for “Guarantee” substitute “Client Protection”,

(q) in paragraph 4(4), for “Guarantee Fund” in both places it occurs substitute “Client Protection Fund”,

(r) the title of Part 1 becomes “The Client Protection Fund”.