Part 1

The regulatory objectives

The regulatory objectives
1
1
In this Act a reference to “the regulatory objectives” is a reference to the objectives of—
a
protecting and promoting the public interest;
b
supporting the constitutional principle of the rule of law;
c
improving access to justice;
d
protecting and promoting the interests of consumers;
e
promoting competition in the provision of services within subsection (2);
f
encouraging an independent, strong, diverse and effective legal profession;
g
increasing public understanding of the citizen's legal rights and duties;
h
promoting and maintaining adherence to the professional principles;
i
promoting the prevention and detection of economic crime.
2
The services within this subsection are services such as are provided by authorised persons (including services which do not involve the carrying on of activities which are reserved legal activities).
3
The “professional principles” are—
a
that authorised persons should act with independence and integrity,
b
that authorised persons should maintain proper standards of work,
c
that authorised persons should act in the best interests of their clients,
d
that persons who exercise before any court a right of audience, or conduct litigation in relation to proceedings in any court, by virtue of being authorised persons should comply with their duty to the court to act with independence in the interests of justice, and
e
that the affairs of clients should be kept confidential.
4
In this section “authorised persons” means authorised persons in relation to activities which are reserved legal activities.
5
In subsection (1)(i) “
economic crime
” has the meaning given by section 193(1) of the Economic Crime and Corporate Transparency Act 2023
S. 1 modified (temp.) (7.3.2008) by The Legal Services Act 2007 (Commencement No.1 and Transitory Provisions) Order 2008 (S.I. 2008/222), art. 7(1)
S. 1(5) inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 209(3), 219(1)(2)(b); S.I. 2024/269, reg. 2(z63)
S. 1(1)(i) inserted (26.10.2023 for specified purposes, 4.3.2024 in so far as not already in force) by Economic Crime and Corporate Transparency Act 2023 (c. 56), ss. 209(2), 219(1)(2)(b); S.I. 2024/269, reg. 2(z63)