Building Societies Act 1986

12 (1) The Lord Chancellor may, in accordance with the provisions of this paragraph, make rules with respect to the recognition by him of sole practitioners as being suitable to undertake the provision of conveyancing services.

(2) Subject to sub-paragraph (3) below, paragraphs 2 to 6 and 8 and 9 above shall apply in relation to the recognition of sole practitioners as they apply in relation to the recognition of institutions, and accordingly, in the application of those paragraphs in accordance with this sub-paragraph, any reference to an institution shall have effect as if it were a reference to a sole practitioner and any reference to a recognised institution shall have effect as if it were a reference to a recognised practitioner.

(3) In the application of those paragraphs in accordance with sub-paragraph (2) above—

(a) the reference in paragraph 2(2)(b) to negligence, fraud or other dishonesty on the part of officers or employees of recognised institutions shall have effect as if it were a reference to negligence, fraud or other dishonesty on the part of recognised practitioners or their employees; and

(b) paragraph 6(3)(a) shall be omitted.