SCHEDULES
SCHEDULE 12Entitlement to make an application for a licence to the Board
“Potentially competent licensing authority”
6
1
“Potentially competent licensing authority”, in relation to a licensable body, means an approved regulator—
a
which has made an application to the Board under Part 1 of Schedule 10 for a recommendation that the Lord Chancellor make a relevant designation order, and whose application has not been determined, or
b
in respect of which the Board has made such a recommendation, but in respect of which no relevant designation order (or decision not to make such an order) has been made by the Lord Chancellor.
2
A relevant designation order is an order—
a
designating the approved regulator as a licensing authority in respect of one or more reserved legal activities, and
b
the effect of which will be that the approved regulator becomes a competent licensing authority in relation to the licensable body.