(1)There shall be a body corporate to be known as the Authorised Conveyancing Practitioners Board (in this Act referred to as “the Board”).
(2)The Board shall consist of a Chairman and at least four, and at most eight, other members appointed by the Lord Chancellor.
(3)In appointing any member, the Lord Chancellor shall have regard to the desirability of—
(a)appointing persons who have experience in, or knowledge of—
(i)the provision of conveyancing services;
(ii)financial arrangements associated with conveyancing;
(iii)consumer affairs; or
(iv)commercial affairs; and
(b)securing, so far as is reasonably practicable, that the composition of the Board is such as to provide a proper balance between the interests of authorised practitioners and those who make use of their services.
(4)The Board shall not be regarded as the servant or agent of the Crown, or as enjoying any status, immunity or privilege of the Crown.
(5)The Board’s property shall not be regarded as property of, or held on behalf of, the Crown.
(6)Neither the Board nor any of its staff or members shall be liable in damages for anything done or omitted in the discharge or purported discharge of any of its functions.
(7)Subsection (6) does not apply where the act or omission is shown to have been in bad faith.
(8)The provisions of Schedule 5 shall have effect with respect to the constitution, procedure and powers of the Board and with respect to connected matters.