15E+WF1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 6 para. 15 repealed (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 210, 211, Sch. 17 para. 32(17), Sch. 23 (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)(f)(v)(ff)
15(1)Where rules made under section 22(3)(a) are applied to recognised bodies in accordance with section 32(3), an accountant shall, subject to sub-paragraph (2), be qualified to give any report required to be delivered under the rules if he [F8is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006].E+W
(2)An accountant shall not be qualified to give any such report in relation to a recognised body if he [F9would be prohibited by section 1214 of that Act (independence requirement) from acting as statutory auditor] of that body.
Textual Amendments
F8Words in Sch. 6 para. 15(1) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1), Sch. 1 para. 10(2) (with arts. 6,11,12)
F9Words in Sch. 6 para. 15(2) substituted (6.4.2008) by The Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1), Sch. 1 para. 10(3) (with arts. 6,11,12)
16(1)Where rules made under section 22(2) and containing any such provision as is referred to in section 23(1) are applied to recognised bodies [F2or managers or employees of such bodies,] in accordance with section 32(3), then, except as provided by the rules and subject to sub-paragraph (2), a recognised body [F3, manager or employee] which in pursuance of the rules maintains an account in which [F4it or he keeps] money received or held for or on account of [F5clients of the recognised body] generally shall not be liable to account to any person for interest received by it [F6or him] on money in that account.E+W
(2)Nothing in any such rules or in sub-paragraph (1) shall affect any arrangement in writing between a recognised body [F7, or any manager or employee of such a body, and any of the clients of the recognised body] as to the application of the client’s money or the payment of interest on it.
Textual Amendments
F2Words in Sch. 6 para. 16(1) inserted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(18)(a)(i) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F3Words in Sch. 6 para. 16(1) inserted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(18)(a)(ii) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F4Words in Sch. 6 para. 16(1) substituted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(18)(a)(iii) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F5Words in Sch. 6 para. 16(1) substituted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(18)(a)(iv) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F6Words in Sch. 6 para. 16(1) inserted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(18)(a)(v) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)
F7Words in Sch. 6 para. 16(2) substituted (31.3.2009) by Legal Services Act 2007 (c. 29), ss. 182, 211, Sch. 17 para. 32(18)(b) (with ss. 29, 192, 193); S.I. 2009/503, art. 2(c)(i)