Part 2Litigation funding and costs
Referral fees
59Regulators and regulated persons
(1)
In relation to a referral of business within section 56(4)(a)—
(a)
a regulator is any person listed in column 1 below;
(b)
a regulated person is any person listed in column 2;
(c)
a regulator in column 1 is the relevant regulator in relation to the corresponding person in column 2.
1. Regulator | 2. Regulated person |
|---|---|
the F1Financial Conduct Authority | an authorised person (within the meaning of the Financial Services and Markets Act 2000) of a description specified in regulations made by the Treasury |
F2. . . | F2. . . |
the General Council of the Bar | a person authorised by the Council to carry on a reserved legal activity within the meaning of the Legal Services Act 2007 |
the Law Society | a person authorised by the Society to carry on a reserved legal activity within the meaning of the Legal Services Act 2007 |
a regulatory body specified for the purposes of this subsection in regulations made by the Lord Chancellor | a person of a description specified in the regulations in relation to the body |
(2)
In relation to a referral of prescribed legal business of any other kind—
(a)
a regulator is any person listed in column 1 below and specified in relation to business of that kind in regulations made by the Lord Chancellor;
(b)
a regulated person is any person specified in accordance with column 2 in relation to business of that kind;
(c)
a person specified under paragraph (a) in relation to business of that kind is the relevant regulator in relation to a person specified in accordance with the corresponding entry in column 2 in relation to business of that kind.
1. Regulator | 2. Regulated person |
|---|---|
the F3Financial Conduct Authority | an authorised person (within the meaning of the Financial Services and Markets Act 2000) of a description specified in regulations made by the Treasury |
F4. . . | F4. . . |
an approved regulator for the purposes of Part 3 of the Legal Services Act 2007 (approved legal activities); | a person who is authorised by the regulator to carry on a reserved legal activity and is of a description specified in regulations made by the Lord Chancellor |
a licensing authority for the purposes of Part 5 of that Act (alternative business structures) | a person who is licensed by the authority to carry on a reserved legal activity and is of a description specified in regulations made by the Lord Chancellor |